Guideline Value

Corporate

Guideline Value for Venkatram Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Venkatram Nagar 2nd Main Road 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 Main Road

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Venkatram Nagar 2nd Main Road guideline value

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

How the guideline value of Venkatram Nagar 2nd Main Road has changed

The guideline value for Venkatram Nagar 2nd Main Road has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 525 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The next revision in 2023 set the value at Rs 4,000 per sq.ft, followed by the current value of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 738%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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 2nd Main Road above this median.

Stamp duty and registration fee for property in Venkatram Nagar 2nd Main Road

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, and the registration fee at 2% would be Rs 88,000, leading to a total of 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 detailed calculations.

Which Sub Registrar Office covers Venkatram Nagar 2nd Main Road?

The Sub Registrar Office covering Venkatram Nagar 2nd Main Road 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 is a crucial factor in property transactions in Hastinapuram. It serves as the basis for calculating stamp duty and registration fees during the buying or selling process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. It is essential for both buyers and sellers to understand these values to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 2nd Main Road?

The current guideline value of Venkatram Nagar 2nd Main Road 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, which is an increase of 738% overall.

What is the median guideline value in Hastinapuram?

The median guideline value for the streets in Hastinapuram is Rs 2,970 per sq.ft, with Venkatram Nagar 2nd Main Road being above this median.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Venkatram Nagar 2nd Main Road?

The Pallavaram Sub Registrar Office handles property registrations for Venkatram Nagar 2nd Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.