Guideline Value

Corporate

Guideline Value for Venkatram Nagar 8th Main Road

₹4400/sq.ft.

The guideline value for Venkatram Nagar 8th 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 8th Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Venkatram Nagar 8th Main Road guideline value

The current guideline value of Venkatram Nagar 8th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Hastinapuram village under the Pallavaram SRO, and the land classification is Mixed Type - I.

How the guideline value of Venkatram Nagar 8th Main Road has changed

The guideline value for Venkatram Nagar 8th Main Road has seen 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 rise of 662%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 738%, showcasing significant changes in the valuation over the years.

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 Main Road's 2024 figure is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Venkatram Nagar 8th 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 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 cost for these fees 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.

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

Which Sub Registrar Office covers Venkatram Nagar 8th Main Road?

The Sub Registrar Office that covers Venkatram Nagar 8th 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 details.

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

The guideline value plays a crucial role in property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that the guideline value directly influences the total cost involved in property transactions.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 8th Main Road?

The current guideline value of Venkatram Nagar 8th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 525 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting a significant overall increase of 738%.

What is the guideline value for other streets in Hastinapuram?

Other streets in Hastinapuram under the Pallavaram SRO have a 2024 guideline value of Rs 4,400 per sq.ft, similar to Venkatram Nagar 8th Main Road.

What fees are applicable when registering property in Venkatram Nagar 8th Main Road?

When registering property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. Together, these fees can amount to a significant cost based on the property's value.

How can I find the Sub Registrar Office for Venkatram Nagar 8th Main Road?

The Sub Registrar Office covering Venkatram Nagar 8th Main Road is the Pallavaram Sub Registrar Office, located in Chromepet, Chennai. You can find your SRO using the provided link.