Guideline Value for SREE VENKATESWARA NAGAR

Sree Venkateswara Nagar guideline value

The current guideline value of Sree Venkateswara Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Sree Venkateswara Nagar has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure remained the same in the 2012 revision, but in 2017, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 700 per sq.ft, which is a rise of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 700 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Pakkam

Currently, there are no specific village figures available for Pakkam. The guideline value of Sree Venkateswara Nagar is Rs 700 per sq.ft. There are no other streets in Pakkam listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sree Venkateswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please 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 for more details.

Which Sub Registrar Office covers Sree Venkateswara Nagar?

The Sree Venkateswara Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the current market conditions and property values.

Frequently asked questions

What is the current guideline value of Sree Venkateswara Nagar?

The current guideline value of Sree Venkateswara Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 700 per sq.ft in 2023, marking a rise of 49% from the 2017 figure.

What are the stamp duty and registration fees for property in Sree Venkateswara Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total costs would be Rs 63,000, which includes Rs 49,000 stamp duty and Rs 14,000 registration fee.

Which office handles property registration for Sree Venkateswara Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Sree Venkateswara Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Pakkam with guideline values?

Currently, there are no other streets listed under the Tiruvallur Joint 1 SRO in Pakkam. The only guideline value available is for Sree Venkateswara Nagar.