Guideline Value for SRI VENKATA NAGAR

Sri Venkata Nagar guideline value

The current guideline value of Sri Venkata Nagar, located in Pavoonchoor village under the Cheyyur SRO, is Rs 200 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Venkata Nagar has changed

According to the register, the guideline value for Sri Venkata Nagar has remained consistent at Rs 200 per sq.ft since the 2023 revision. The 2024 revision also lists the same value of Rs 200 per sq.ft, indicating no change between these two years.

For earlier revisions, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from the 2023 and 2024 revisions, both set at Rs 200 per sq.ft.

Guideline values in Pavoonchoor

In Pavoonchoor, four streets under the Cheyyur SRO have a 2024 guideline value ranging from Rs 200 to Rs 250 per sq.ft, with a median of Rs 200 per sq.ft. Sri Venkata Nagar's 2024 figure aligns with this median.

• Siva Sakthi Nagar: Rs 200 per sq.ft (2024)
• Pandurangapuram Phase-II: Rs 200 per sq.ft (2024)
• Garden City: Rs 250 per sq.ft (2024)

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Pavoonchoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is checked against the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amount is collected based on the property's value.

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 for Sri Venkata Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no changes noted between the 2023 and 2024 revisions.

What is the land classification for Sri Venkata Nagar?

The land classification for Sri Venkata Nagar is Residential Special Type - I, which indicates the nature of development allowed in this area.

Where can I find 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 based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.