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Guideline Value

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Guideline Value for Venugopal Street (Bashyam Reddy Colony)

₹2700/sq.ft.

The guideline value for Venugopal Street (bashyam Reddy Colony) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Venugopal Street (bashyam Reddy Colony)

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Venugopal Street (Bashyam Reddy Colony) guideline value

The current guideline value of Venugopal Street (Bashyam Reddy Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venugopal Street (Bashyam Reddy Colony) has changed

The guideline value of Venugopal Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, by 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% change from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall change in the guideline value is an increase of 170%. The 2023 revision of Rs 2,500 per sq.ft represents a 49% increase from the 2017 figure. These changes illustrate the fluctuations in the guideline value over the years, highlighting the dynamic nature of property valuation in this area.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Venugopal Street's current guideline value of Rs 2,700 per sq.ft is below this median.

Stamp duty and registration fee for property in Venugopal Street (Bashyam Reddy Colony)

For a property measuring 1,000 sq.ft at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total costs to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs based on the guideline value.

Which Sub Registrar Office covers Venugopal Street (Bashyam Reddy Colony)?

The Sub Registrar Office that covers Venugopal Street (Bashyam Reddy Colony) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Peravallur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers must be aware that these charges are based on the higher value between the guideline value and the sale price.

It is essential for both buyers and sellers to stay informed about the current guideline values, as these figures can impact the overall transaction costs. Understanding the guideline value can help in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Venugopal Street (Bashyam Reddy Colony)?

The current guideline value of Venugopal Street (Bashyam Reddy Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170%. Significant changes occurred in 2012, 2017, 2023, and 2024.

What is the land classification for Venugopal Street?

Venugopal Street (Bashyam Reddy Colony) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Venugopal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.