Guideline Value

Corporate

Guideline Value for Venkatram Nagar 7th Main Road

₹4400/sq.ft.

The guideline value for Venkatram Nagar 7th 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 7th Main Road

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Venkatram Nagar 7th Main Road guideline value

The current guideline value of Venkatram Nagar 7th 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 7th Main Road has changed

Over the years, the guideline value of Venkatram Nagar 7th Main Road has seen significant changes. The 2007 revision recorded a value of Rs 525 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, this value then decreased by 33% to Rs 2,680 per sq.ft in 2017. The following revisions showed a substantial increase, with the 2023 revision setting the value at Rs 4,000 per sq.ft, and the latest 2024 revision reflecting a further increase of 10% to Rs 4,400 per sq.ft.

For the period from 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 738%. It is important to note that the register has no figures 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. Venkatram Nagar 7th Main Road's current guideline value is above this median.

Stamp duty and registration fee for property in Venkatram Nagar 7th 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatram Nagar 7th Main Road?

The Sub Registrar Office that covers Venkatram Nagar 7th 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 when buying or selling property in Hastinapuram. It serves as a reference point for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the property transaction.

When a property is registered, the guideline value is used to calculate the applicable duties. This ensures that the registration process is transparent and aligns with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 7th Main Road?

The current guideline value of Venkatram Nagar 7th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased significantly, from Rs 525 per sq.ft to Rs 4,400 per sq.ft in 2024, marking a total increase of 738% over the years.

What are the other streets in Hastinapuram with the same guideline value?

Several other streets in Hastinapuram also have a guideline value of Rs 4,400 per sq.ft in 2024, including Venkatram Nagar 7th Cross Street, 8th Cross Street, 6th Main Road, 8th Main Road, 6th Cross Street, and 5th Main Road.

Where is the Sub Registrar Office for Venkatram Nagar 7th Main Road located?

The Sub Registrar Office for Venkatram Nagar 7th Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Venkatram Nagar 7th Main Road?

Stamp duty for properties in Venkatram Nagar 7th Main Road is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.