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Guideline Value

Corporate

Guideline Value for Venkatram Nagar 2nd Cross Street

₹4400/sq.ft.

The guideline value for Venkatram Nagar 2nd 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 2nd Cross Street

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Venkatram Nagar 2nd Cross Street guideline value

The current guideline value of Venkatram Nagar 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Venkatram Nagar 2nd Cross Street has changed

The guideline value for Venkatram Nagar 2nd Cross Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 525 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a substantial rise of 662%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 738%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Hastinapuram

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

Stamp duty and registration fee for property in Venkatram Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatram Nagar 2nd Cross Street?

The Sub Registrar Office that covers Venkatram Nagar 2nd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 2nd Cross Street?

The current guideline value of Venkatram Nagar 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 525 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 738% over the years.

What are the other streets in Hastinapuram with similar guideline values?

Other streets in Hastinapuram, such as Venkatram Nagar 1st Main Road, Venkatram Nagar 2nd Main Road, and others, also have a guideline value of Rs 4,400 per sq.ft for 2024.

What is the registration fee for property in Venkatram Nagar 2nd Cross Street?

The registration fee for property in Venkatram Nagar 2nd Cross Street is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 88,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Venkatram Nagar 2nd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.