Guideline Value

Corporate

Guideline Value for Venkatram Nagar 5th Cross Street

₹4400/sq.ft.

The guideline value for Venkatram Nagar 5th 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 5th Cross Street

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Venkatram Nagar 5th Cross Street guideline value

The current guideline value of Venkatram Nagar 5th 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 5th Cross Street has changed

The guideline value for Venkatram Nagar 5th Cross Street has seen significant changes over the years. In 2007, the guideline value was Rs 525 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017. Following that, the value rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. Notably, the value rose by a remarkable 662% from 2007 to 2012. Overall, from 2007 to the current 2024 value, there has been an increase of 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, with a median value of Rs 2,970 per sq.ft. The guideline value of Venkatram Nagar 5th Cross Street is above this median.

Stamp duty and registration fee for property in Venkatram Nagar 5th 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, and 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 duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatram Nagar 5th Cross Street?

The Sub Registrar Office covering Venkatram Nagar 5th 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 in the registration process of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware of the guideline value to ensure compliance with local regulations and avoid potential penalties.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 5th Cross Street?

The current guideline value of Venkatram Nagar 5th 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 increased from Rs 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 738% over this period.

What is the guideline value for other streets in Hastinapuram?

Other streets in Hastinapuram under the Pallavaram SRO have a guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with Venkatram Nagar 5th Cross Street being at the upper end of this range.

What are the stamp duty and registration fees for property in Venkatram Nagar 5th Cross Street?

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 registration for Venkatram Nagar 5th Cross Street?

The Pallavaram Sub Registrar Office is responsible for property registration in Venkatram Nagar 5th Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai.