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Guideline Value

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Guideline Value for Venpurusham Village 3rd Cross Street

₹550/sq.ft.

The guideline value for Venpurusham Village 3rd Cross Street in Mamallapuram village (Thirukazhukundram SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mamallapuram

Village

Thirukazhukundram

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No. 8/45, Kammala Street, Thirukazhukundram - 603 109
044-27447200
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Venpurusham Village 3rd Cross Street

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Venpurusham Village 3rd Cross Street guideline value

The current guideline value of Venpurusham Village 3rd Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Venpurusham Village 3rd Cross Street has changed

Over the years, the guideline value for Venpurusham Village 3rd Cross Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision of Rs 500 per sq.ft. Prior to this, the value was Rs 335 per sq.ft in 2017, reflecting a significant increase of 49% over the six years. The 2012 revision also recorded a value of Rs 500 per sq.ft, which was a decrease of 33% from the previous revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been a net increase of 10% in the guideline value.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Venpurusham Village 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Venpurusham Village 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venpurusham Village 3rd Cross Street?

The Sub Registrar Office that covers Venpurusham Village 3rd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of these values to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value for Venpurusham Village 3rd Cross Street?

The current guideline value for Venpurusham Village 3rd Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, a 10% increase. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing various fluctuations over the years.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Venpurusham Village?

The Thirukazhukundram Sub Registrar Office handles property registrations for Venpurusham Village. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically to reflect changes in property values. It serves as a reference point for property transactions and ensures compliance with local regulations.