Guideline Value for Venkatram Nagar 4th Main Road
₹4400/sq.ft.
The guideline value for Venkatram Nagar 4th 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.
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[email protected], [email protected]
Records for a plot on Venkatram Nagar 4th Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Venkatram Nagar 4th Main Road guideline value
The current guideline value of Venkatram Nagar 4th Main Road 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 4th Main Road has changed
The guideline value has seen significant revisions over the years. In 2007, the value was Rs 525 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft by 2012, marking a rise of 662%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing 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 value for these streets is Rs 2,970 per sq.ft, placing Venkatram Nagar 4th Main Road above this median.
- Venkatram Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
- Venkatram Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
- Venkatram Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
- Venkatram Nagar 5th Main Road: Rs 4,400 per sq.ft (2024)
- Venkatram Nagar 3rd Cross Street: Rs 4,400 per sq.ft (2024)
- Venkatram Nagar 6th Cross Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in Venkatram Nagar 4th 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 amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Venkatram Nagar 4th Main Road?
The Sub Registrar Office that covers Venkatram Nagar 4th 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 the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.
When you register a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives appropriate revenue from property transactions, reflecting the market conditions and property values in the region.
Frequently asked questions
What is the current guideline value of Venkatram Nagar 4th Main Road?
The current guideline value of Venkatram Nagar 4th 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, marking an overall increase of 738%.
What is the land classification for Venkatram Nagar 4th Main Road?
Venkatram Nagar 4th Main Road is classified as Mixed Type - I land.
Where can I find the Sub Registrar Office for this area?
The Sub Registrar Office covering Venkatram Nagar 4th Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
How is stamp duty calculated for properties in this area?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.
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