Guideline Value

Corporate

Guideline Value for Venkateswara Nagger 5th St

₹5500/sq.ft.

The guideline value for Venkateswara Nagger 5th St in Urur village (Adayar 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class IV 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 ₹1750 /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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagger 5th St

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Venkateswara Nagger 5th St guideline value

The current guideline value for Venkateswara Nagger 5th St is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Venkateswara Nagger 5th St has changed

The guideline value for Venkateswara Nagger 5th St has experienced several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, reflecting a significant rise of 186%. However, in 2017, it decreased to Rs 3,350 per sq.ft, marking a decline of 33%. The value then surged to Rs 5,000 per sq.ft in 2023, and further increased to Rs 5,500 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Venkateswara Nagger 5th St's 2024 figure below that median.

Stamp duty and registration fee for property in Venkateswara Nagger 5th St

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Nagger 5th St?

The Sub Registrar Office that covers Venkateswara Nagger 5th St is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Urur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value as it is a key factor in the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Venkateswara Nagger 5th St?

The current guideline value of Venkateswara Nagger 5th St 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 from Rs 1,750 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing a significant overall increase of 214% over this period.

What are the other streets in Urur with the same guideline value?

Other streets in Urur with the same guideline value of Rs 5,500 per sq.ft for 2024 include Venkateswara Nagger 2nd Street, Venkateshwara Nagar 4th Street, Venkateshwara Nagar 3rd street, and Vasantha Press South Lane.

What is the stamp duty rate for properties in Venkateswara Nagger 5th St?

The stamp duty rate for properties in Venkateswara Nagger 5th St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkateswara Nagger 5th St?

The Sub Registrar Office for Venkateswara Nagger 5th St is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.