Guideline Value for East Park Street (Venkatapuram)

East Park Street (Venkatapuram) guideline value

The current guideline value of East Park Street (Venkatapuram) is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I.

How the guideline value of East Park Street (Venkatapuram) has changed

The guideline value for East Park Street (Venkatapuram) has seen several revisions over the years. In 2012, the value was Rs 4,200 per sq.ft, which decreased to Rs 2,814 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023, and then to Rs 4,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which means that East Park Street's 2024 figure is above this median.

• Egambara Iyyar Street: Rs 4,000 per sq.ft (2024)
• Durai samy reddy Street: Rs 4,000 per sq.ft (2024)
• E.S.I Kudirrupu (kamarajpuram): Rs 1,600 per sq.ft (2024)
• E.S.I . Street (Ramapurm): Rs 5,100 per sq.ft (2024)
• Ganapathi muthali Street: Rs 4,600 per sq.ft (2024)
• Gandhi Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in East Park Street (Venkatapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost for these fees to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Park Street (Venkatapuram)?

The Sub Registrar Office that covers East Park Street (Venkatapuram) is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of East Park Street (Venkatapuram)?

The current guideline value of East Park Street (Venkatapuram) is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in East Park Street?

For a 1,000 sq.ft plot valued at Rs 4,600 per sq.ft, the total guideline value is Rs 46,00,000. The stamp duty will be Rs 3,22,000 and the registration fee will be Rs 92,000, totaling Rs 4,14,000.

Which Sub Registrar Office covers East Park Street (Venkatapuram)?

The Ambattur Sub Registrar Office covers East Park Street (Venkatapuram) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of East Park Street (Venkatapuram)?

East Park Street (Venkatapuram) is classified as Mixed Type - I, indicating a blend of residential and commercial properties in the area.