Guideline Value for SRI VENKATA NAGAR

Sri Venkata Nagar guideline value

The current guideline value of Sri Venkata Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is part of Kadugapattu village and falls under the Cheyyur SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Venkata Nagar has changed

In the 2023 revision, the guideline value for Sri Venkata Nagar was Rs 200 per sq.ft. This figure has remained unchanged in the 2024 revision, reflecting a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has been consistent at Rs 200 per sq.ft from 2023 to 2024. There are no recorded changes in the guideline value for the years prior to 2023, as the register does not provide figures for those years.

Guideline values in Kadugapattu

Currently, there are no specific village figures provided for Kadugapattu. Sri Venkata Nagar is the only street mentioned, and there are no other streets in Kadugapattu under the Cheyyur SRO.

Stamp duty and registration fee for property in Sri Venkata Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is calculated at 7%, resulting in Rs 14,000, while the registration fee is 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Venkata Nagar?

The Sub Registrar Office that covers Sri Venkata Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadugapattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Venkata Nagar?

The current guideline value of Sri Venkata Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 200 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the registration office for Sri Venkata Nagar?

The registration office for Sri Venkata Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

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

Stamp duty for properties in Sri Venkata Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 14,000 based on the current guideline value.

What land classification applies to Sri Venkata Nagar?

Sri Venkata Nagar is classified as Residential Special Type - II. This classification may affect the types of properties and developments allowed in the area.