Guideline Value for SRI THIRUVENKADAPURAM NAGAR

Sri Thiruvenkadapuram Nagar guideline value

The current guideline value of Sri Thiruvenkadapuram Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Kolatti village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Thiruvenkadapuram Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure changed to Rs 201 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, and then rose to Rs 330 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a total increase of 10% in the guideline value.

Guideline values in Kolatti

In Kolatti, there are 18 streets under the Ponneri SRO that have a guideline value for 2024, ranging from Rs 220 to Rs 330 per sq.ft. The median value among these streets is Rs 275 per sq.ft, placing Sri Thiruvenkadapuram Nagar's 2024 figure above this median.

• Sri Ragavendira Modern Town: Rs 330 per sq.ft (2024)
• Thirumurugan Nagar: Rs 330 per sq.ft (2024)
• Thiru Vee Ka Nagar: Rs 220 per sq.ft (2024)
• Vallalar Nagar: Rs 330 per sq.ft (2024)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)
• Puduppedu School Road: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thiruvenkadapuram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Thiruvenkadapuram Nagar?

The Sub Registrar Office that covers Sri Thiruvenkadapuram Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kolatti. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees that need to be paid.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth, thus facilitating a transparent process.

Frequently asked questions

What is the current guideline value of Sri Thiruvenkadapuram Nagar?

The current guideline value of Sri Thiruvenkadapuram Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Sri Thiruvenkadapuram Nagar?

Sri Thiruvenkadapuram Nagar is classified as Residential Class I Type - I.

What is the registration office for Sri Thiruvenkadapuram Nagar?

The registration office for Sri Thiruvenkadapuram Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Sri Thiruvenkadapuram Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000, leading to a stamp duty of Rs 23,100.