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Guideline Value

Corporate

Guideline Value for Venkatram Nagar 1st Cross Street

₹4400/sq.ft.

The guideline value for Venkatram Nagar 1st Cross Street in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Venkatram Nagar 1st Cross Street

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Venkatram Nagar 1st Cross Street guideline value

The current guideline value of Venkatram Nagar 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Mixed Type - I.

How the guideline value of Venkatram Nagar 1st Cross Street has changed

The guideline value for Venkatram Nagar 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 525 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, this value decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision saw the value rise again to Rs 4,000 per sq.ft, and the most recent revision in 2024 increased it further to Rs 4,400 per sq.ft, a 10% increase from the previous year.

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 738%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Venkatram Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Venkatram Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Venkatram Nagar 1st Cross Street?

The Venkatram Nagar 1st Cross Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will use the higher of the sale price or the guideline value to calculate the applicable stamp duty and registration fees.

Understanding the guideline value is crucial for both buyers and sellers to ensure compliance with local regulations during property transactions. It helps to establish a clear and fair process for registering property in the area.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 1st Cross Street?

The current guideline value of Venkatram Nagar 1st Cross Street is Rs 4,400 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 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 738% over the years.

What is the land classification for Venkatram Nagar 1st Cross Street?

The land classification for Venkatram Nagar 1st Cross Street is Mixed Type - I, indicating a diverse use of land in this area.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles property registrations for Venkatram Nagar 1st Cross Street?

The Pallavaram Sub Registrar Office handles property registrations for Venkatram Nagar 1st Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.