diff --git a/src/controllers/trackingPlan.ts b/src/controllers/trackingPlan.ts
index 74e47e0ec9..e4802cfc4d 100644
--- a/src/controllers/trackingPlan.ts
+++ b/src/controllers/trackingPlan.ts
@@ -7,7 +7,7 @@ export class TrackingPlanController {
     const events = ctx.request.body;
     const requestSize = Number(ctx.request.get('content-length'));
     const reqParams = ctx.request.query;
-    const response = await TrackingPlanservice.validateTrackingPlan(events, requestSize, reqParams);
+    const response = await TrackingPlanservice.validate(events, requestSize, reqParams);
     ctx.body = response.body;
     ControllerUtility.postProcess(ctx, response.status);
     return ctx;
diff --git a/src/services/trackingPlan.ts b/src/services/trackingPlan.ts
index 2e68df55e9..93b6ee11ff 100644
--- a/src/services/trackingPlan.ts
+++ b/src/services/trackingPlan.ts
@@ -1,88 +1,87 @@
 import logger from '../logger';
 import { RetryRequestError, RespStatusError, constructValidationErrors } from '../util/utils';
-import { getMetadata } from '../v0/util';
+import { getMetadata, getTrackingPlanMetadata } from '../v0/util';
 import eventValidator from '../util/eventValidation';
 import stats from '../util/stats';
+import { HTTP_STATUS_CODES } from '../v0/util/constant';
 
 export class TrackingPlanservice {
-  public static async validateTrackingPlan(events, requestSize, reqParams) {
-    const requestStartTime = new Date();
+  public static async validate(events, requestSize, reqParams) {
+    const startTime = Date.now();
     const respList: any[] = [];
-    const metaTags = events[0].metadata ? getMetadata(events[0].metadata) : {};
+    const metaTags = events.length && events[0].metadata ? getMetadata(events[0].metadata) : {};
+    const tpTags: any =
+      events.length && events[0].metadata ? getTrackingPlanMetadata(events[0].metadata) : {};
     let ctxStatusCode = 200;
 
     for (let i = 0; i < events.length; i++) {
+      let eventValidationResponse: any;
+      let exceptionOccured = false;
+      const eventStartTime = Date.now();
       const event = events[i];
-      const eventStartTime = new Date();
+
       try {
-        const parsedEvent = event;
-        parsedEvent.request = { query: reqParams };
-        const hv = await eventValidator.handleValidation(parsedEvent);
-        if (hv['dropEvent']) {
-          respList.push({
-            output: event.message,
-            metadata: event.metadata,
-            statusCode: 400,
-            validationErrors: hv['validationErrors'],
-            error: JSON.stringify(constructValidationErrors(hv['validationErrors'])),
-          });
-          stats.counter('tp_violation_type', 1, {
-            violationType: hv['violationType'],
-            ...metaTags,
-          });
-        } else {
-          respList.push({
-            output: event.message,
-            metadata: event.metadata,
-            statusCode: 200,
-            validationErrors: hv['validationErrors'],
-            error: JSON.stringify(constructValidationErrors(hv['validationErrors'])),
-          });
-          stats.counter('tp_propagated_events', 1, {
-            ...metaTags,
-          });
-        }
-      } catch (error) {
-        const errMessage = `Error occurred while validating : ${error}`;
-        logger.error(errMessage);
-        let status = 200;
+        event.request = { query: reqParams };
+        const validatedEvent = await eventValidator.handleValidation(event);
+        eventValidationResponse = {
+          output: event.message,
+          metadata: event.metadata,
+          statusCode: validatedEvent['dropEvent']
+            ? HTTP_STATUS_CODES.BAD_REQUEST
+            : HTTP_STATUS_CODES.OK,
+          validationErrors: validatedEvent['validationErrors'],
+          error: JSON.stringify(constructValidationErrors(validatedEvent['validationErrors'])),
+        };
+      } catch (error: any) {
+        logger.debug(
+          `Error occurred while validating event`,
+          'event',
+          `${event.message?.event}::${event.message?.type}`,
+          'trackingPlan',
+          `${tpTags?.trackingPlanId}`,
+          'error',
+          error.message,
+        );
+
+        exceptionOccured = true;
+        // no need to process further if
+        // we have error of retry request error
         if (error instanceof RetryRequestError) {
           ctxStatusCode = error.statusCode;
+          break;
         }
-        if (error instanceof RespStatusError) {
-          status = error.statusCode;
-        }
-        respList.push({
+
+        eventValidationResponse = {
           output: event.message,
           metadata: event.metadata,
-          statusCode: status,
+          statusCode: error instanceof RespStatusError ? error.statusCode : HTTP_STATUS_CODES.OK,
           validationErrors: [],
-          error: errMessage,
-        });
-        stats.counter('tp_errors', 1, {
-          ...metaTags,
-          workspaceId: event.metadata?.workspaceId,
-          trackingPlanId: event.metadata?.trackingPlanId,
-        });
+          error: `Error occurred while validating: ${error}`,
+        };
       } finally {
-        stats.timing('tp_event_latency', eventStartTime, {
+        // finally on every event, we need to
+        // capture the information related to the validates event
+        stats.timing('tp_event_validation_latency', eventStartTime, {
           ...metaTags,
+          ...tpTags,
+          status: eventValidationResponse.statusCode,
+          exception: exceptionOccured,
         });
       }
-    }
 
-    stats.counter('tp_events_count', events.length, {
-      ...metaTags,
-    });
+      respList.push(eventValidationResponse);
+    }
 
-    stats.histogram('tp_request_size', requestSize, {
+    stats.histogram('tp_batch_size', requestSize, {
       ...metaTags,
+      ...tpTags,
     });
 
-    stats.timing('tp_request_latency', requestStartTime, {
+    // capture overall function latency
+    // with metadata tags
+    stats.histogram('tp_batch_validation_latency', (Date.now() - startTime) / 1000, {
       ...metaTags,
-      workspaceId: events[0]?.metadata?.workspaceId,
-      trackingPlanId: events[0]?.metadata?.trackingPlanId,
+      ...tpTags,
     });
 
     return { body: respList, status: ctxStatusCode };
diff --git a/src/util/prometheus.js b/src/util/prometheus.js
index 89e5424c0c..b502681987 100644
--- a/src/util/prometheus.js
+++ b/src/util/prometheus.js
@@ -590,14 +590,34 @@ class Prometheus {
         labelNames: ['method', 'route', 'code'],
       },
       {
-        name: 'tp_request_size',
-        help: 'tp_request_size',
+        name: 'tp_batch_size',
+        help: 'Size of batch of events for tracking plan validation',
         type: 'histogram',
-        labelNames: ['sourceType', 'destinationType', 'k8_namespace'],
+        labelNames: [
+          'sourceType',
+          'destinationType',
+          'k8_namespace',
+          'workspaceId',
+          'trackingPlanId',
+        ],
+      },
+      {
+        name: 'tp_event_validation_latency',
+        help: 'Latency of validating tracking plan at event level',
+        type: 'histogram',
+        labelNames: [
+          'sourceType',
+          'destinationType',
+          'k8_namespace',
+          'workspaceId',
+          'trackingPlanId',
+          'status',
+          'exception',
+        ],
       },
       {
-        name: 'tp_request_latency',
-        help: 'tp_request_latency',
+        name: 'tp_batch_validation_latency',
+        help: 'Latency of validating tracking plan at batch level',
         type: 'histogram',
         labelNames: [
           'sourceType',
diff --git a/src/v0/util/index.js b/src/v0/util/index.js
index c1debce088..32872cc5d9 100644
--- a/src/v0/util/index.js
+++ b/src/v0/util/index.js
@@ -1419,6 +1419,11 @@ function getStringValueOfJSON(json) {
   return output;
 }
 
+const getTrackingPlanMetadata = (metadata) => ({
+  trackingPlanId: metadata.trackingPlanId,
+  workspaceId: metadata.workspaceId,
+});
+
 const getMetadata = (metadata) => ({
   sourceType: metadata.sourceType,
   destinationType: metadata.destinationType,
@@ -2267,6 +2272,7 @@ module.exports = {
   getMappingConfig,
   getMetadata,
   getTransformationMetadata,
+  getTrackingPlanMetadata,
   getParsedIP,
   getStringValueOfJSON,
   getSuccessRespEvents,