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Guideline Value

Corporate

Guideline Value for Venugopal Street (Vetri Nagar)

₹4200/sq.ft.

The guideline value for Venugopal Street (vetri Nagar) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹465 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹427 /sq.ft.
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 (vetri Nagar)

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Venugopal Street (Vetri Nagar) guideline value

The current guideline value of Venugopal Street (Vetri Nagar) is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Mixed Type - I land.

How the guideline value of Venugopal Street (Vetri Nagar) has changed

Over the years, the guideline value of Venugopal Street (Vetri Nagar) has seen significant changes. In 2002, the guideline value was Rs 427 per sq.ft. This increased to Rs 465 per sq.ft in 2003, marking a rise of 9%. The value then surged to Rs 1,000 per sq.ft in 2007, which was an increase of 115%. Following this, in 2012, the value was Rs 3,900 per sq.ft, reflecting a substantial increase of 290%. However, between 2012 and 2017, the value dropped to Rs 2,613 per sq.ft, showing a decrease of 33%. The guideline value rose again to Rs 3,900 per sq.ft in 2023, and most recently, it has increased to Rs 4,200 per sq.ft in 2024, which is an 8% rise.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 884%. There are no figures available for revisions in years not mentioned.

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. The median value among these streets is Rs 3,301 per sq.ft, placing Venugopal Street (Vetri Nagar) above this median.

Stamp duty and registration fee for property in Venugopal Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value would be Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000. Together, the total cost for these fees would be Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venugopal Street (Vetri Nagar)?

The Sub Registrar Office that covers Venugopal Street (Vetri Nagar) 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 is a crucial factor when registering property transactions in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the registration department. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Venugopal Street (Vetri Nagar)?

The current guideline value of Venugopal Street (Vetri Nagar) is Rs 4,200 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 427 per sq.ft in 2002 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 884% over the years.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with Venugopal Street (Vetri Nagar) being above this median.

What are the stamp duty and registration fees for a property in Venugopal Street (Vetri Nagar)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,94,000, and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

Where is the Sub Registrar Office for Venugopal Street (Vetri Nagar)?

The Sub Registrar Office for Venugopal Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.