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Guideline Value

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Guideline Value for Venkatram Nagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Venkatram Nagar 6th 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 6th Cross Street

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Venkatram Nagar 6th Cross Street guideline value

The current guideline value of Venkatram Nagar 6th 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 6th Cross Street has changed

The guideline value for Venkatram Nagar 6th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 525 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 662%. However, this value saw a decline of 33% to Rs 2,680 per sq.ft in 2017. The most recent revisions show that the value increased to Rs 4,000 per sq.ft in 2023 and further to Rs 4,400 per sq.ft in 2024, representing a 10% increase.

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

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 6th Cross Street is above this median.

Stamp duty and registration fee for property in Venkatram Nagar 6th 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. Together, the total cost for stamp duty and registration would be Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatram Nagar 6th Cross Street?

The Sub Registrar Office that covers Venkatram Nagar 6th 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 details.

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

The guideline value is an essential factor in the registration process for 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 both parties understand the official value assigned to the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are mandatory for legalizing the transaction.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 6th Cross Street?

The current guideline value of Venkatram Nagar 6th 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 seen several changes, increasing from Rs 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 738%.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office covers Venkatram Nagar 6th Cross Street?

The Pallavaram Sub Registrar Office covers Venkatram Nagar 6th Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the significance of the guideline value when buying or selling property?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees during a transaction. It ensures that the government receives appropriate revenue from property transactions.