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Guideline Value

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Guideline Value for Venkatram Nagar 8th Cross Street

₹4400/sq.ft.

The guideline value for Venkatram Nagar 8th 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 8th Cross Street

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Venkatram Nagar 8th Cross Street guideline value

The current guideline value of Venkatram Nagar 8th 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 8th Cross Street has changed

The guideline value for Venkatram Nagar 8th Cross Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 525 per sq.ft, which increased significantly 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, a drop of 33%. The value saw a substantial increase again to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, representing a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has risen by 738%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 8th Cross Street's current value is above this median.

Stamp duty and registration fee for property in Venkatram Nagar 8th 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 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 charges 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkatram Nagar 8th Cross Street?

The Sub Registrar Office that covers Venkatram Nagar 8th 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 further assistance.

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

The guideline value is an essential factor during property registration in Hastinapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value set by the government ensures that the transaction is recorded at a fair value, preventing undervaluation.

When you register a property, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable fees. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 8th Cross Street?

The current guideline value of Venkatram Nagar 8th 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 changed significantly from Rs 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 738% over the years.

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

Other streets in Hastinapuram with the same guideline value of Rs 4,400 per sq.ft include Venkatram Nagar 7th Main Road, Venkatram Nagar 8th Main Road, Venkatram Nagar 7th Cross Street, Venkatram Nagar 6th Main Road, Venkatram Nagar 6th Cross Street, and Venkatram Nagar 5th Main Road.

What is the stamp duty rate for properties in Venkatram Nagar 8th Cross Street?

The stamp duty rate for properties in Venkatram Nagar 8th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkatram Nagar 8th Cross Street?

The Sub Registrar Office for Venkatram Nagar 8th Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.