Guideline Value

Corporate

Guideline Value for Venkatram Nagar 5th Main Road

₹4400/sq.ft.

The guideline value for Venkatram Nagar 5th 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 5th Main Road

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Venkatram Nagar 5th Main Road guideline value

The current guideline value of Venkatram Nagar 5th 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 5th Main Road has changed

Over the years, the guideline value of Venkatram Nagar 5th Main Road has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 525 per sq.ft. This figure increased dramatically 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, reflecting a decline of 33%. From 2017 to 2023, the value rose to Rs 4,000 per sq.ft, a substantial increase of 49%. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 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 5th Main Road above this median.

Stamp duty and registration fee for property in Venkatram Nagar 5th 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, bringing the total 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 detailed calculations.

Which Sub Registrar Office covers Venkatram Nagar 5th Main Road?

The Venkatram Nagar 5th Main Road falls under 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 of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a 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 helps in assessing the fair value of the property. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 5th Main Road?

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

What is the land classification for Venkatram Nagar 5th Main Road?

Venkatram Nagar 5th Main Road is classified as Mixed Type - I land.

Where can I find the Sub Registrar Office for Venkatram Nagar 5th Main Road?

The Pallavaram Sub Registrar Office covers Venkatram Nagar 5th Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Hastinapuram?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.