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Guideline Value

Corporate

Guideline Value for Venkateswara Nagar 3rd Main Road

₹5500/sq.ft.

The guideline value for Venkateswara Nagar 3rd Main Road in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Venkateswara Nagar 3rd Main Road

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Venkateswara Nagar 3rd Main Road guideline value

The current guideline value of Venkateswara Nagar 3rd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar 3rd Main Road has changed

Starting from the 2007 revision, the guideline value was Rs 1,500 per sq.ft. It saw a significant increase to Rs 5,000 per sq.ft in 2012, marking a rise of 233%. However, in 2017, the value decreased to Rs 3,350 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 5,000 per sq.ft, and then it increased again to Rs 5,500 per sq.ft in 2024, which is a 10% rise from the previous year. The overall change from 2007 to 2024 is an increase of 267%.

There are no figures available for the years 2002 and 2003 in the register for this street. The guideline value has seen considerable fluctuations over the years, with the most recent revision indicating a robust increase in value.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, positioning Venkateswara Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Venkateswara Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Nagar 3rd Main Road?

The Venkateswara Nagar 3rd Main Road falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Koyakbedu

The guideline value is a crucial factor during the registration process of property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 3rd Main Road?

The current guideline value of Venkateswara Nagar 3rd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 267% over the years.

What is the registration office for Venkateswara Nagar 3rd Main Road?

The registration office for Venkateswara Nagar 3rd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for property transactions, affecting the calculation of stamp duty and registration fees. It ensures that the government receives the appropriate fees based on the higher of the guideline value or the sale price.