Guideline Value for SRI VENKAT NAGAR PHASE-I

Sri Venkat Nagar Phase-I guideline value

The current guideline value of Sri Venkat Nagar Phase-I is Rs 837 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Sri Venkat Nagar Phase-I has changed

The guideline value for Sri Venkat Nagar Phase-I has remained consistent over the years. In the 2017 revision, the guideline value was recorded at Rs 837 per sq.ft, which has not changed in the subsequent 2023 revision, also set at Rs 837 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, there has been no percentage change, indicating stability in the guideline value during this period. The consistent value of Rs 837 per sq.ft reflects the same rate across both the 2017 and 2023 revisions.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sri Venkat Nagar Phase-I is part of the Gooduvancheri SRO, which oversees the registration of properties in this area.

Stamp duty and registration fee for property in Sri Venkat Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 837 per sq.ft, the guideline value amounts to Rs 8,37,000. The stamp duty at 7% would be Rs 58,590, and the registration fee at 2% would be Rs 16,740, bringing the total to Rs 75,330. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Venkat Nagar Phase-I?

The Gooduvancheri Sub Registrar Office covers Sri Venkat Nagar Phase-I. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Venkat Nagar Phase-I?

The current guideline value of Sri Venkat Nagar Phase-I is Rs 837 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Sri Venkat Nagar Phase-I has remained unchanged at Rs 837 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

What is the registration office for Sri Venkat Nagar Phase-I?

The registration office for Sri Venkat Nagar Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Venkat Nagar Phase-I?

Stamp duty for properties in Sri Venkat Nagar Phase-I is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated accordingly.

What land classification does Sri Venkat Nagar Phase-I fall under?

Sri Venkat Nagar Phase-I is classified as Residential Class IV Type - II. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.