Guideline Value for SRI VENKATA PURAM

Sri Venkata Puram guideline value

The current guideline value of Sri Venkata Puram is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Venkata Puram has changed

The guideline value for Sri Venkata Puram has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 220 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value in the village is Rs 330 per sq.ft, placing Sri Venkata Puram's 2024 figure below this median.

• Sri Velavan Nagar: Rs 330 per sq.ft (2024)
• Sss Nagar: Rs 330 per sq.ft (2024)
• Sri Sathyanarayana Nagar: Rs 220 per sq.ft (2024)
• Sri Rajalakshmi Nagar: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Sri Manikandan Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Venkata Puram

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value is Rs 2,20,000. The stamp duty at 7% amounts to Rs 15,400, and the registration fee at 2% is Rs 4,400, totaling Rs 19,800. It is important to note that 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 Sri Venkata Puram?

The Sub Registrar Office covering Sri Venkata Puram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, visit find your SRO.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sri Venkata Puram?

The current guideline value of Sri Venkata Puram is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Sri Venkata Puram?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 19,800.

Which office handles property registrations in Sri Venkata Puram?

The Thiruvottiyur Sub Registrar Office handles property registrations for Sri Venkata Puram, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Sri Venkata Puram?

Sri Venkata Puram is classified as Residential Class I Type - III, indicating its designation for residential use within the Thiruvottiyur SRO.