Guideline Value for SRI VENKATESHWARA NAGAR

Sri Venkateshwara Nagar guideline value

The current guideline value of Sri Venkateshwara Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Sri Venkateshwara Nagar has changed

The guideline value for Sri Venkateshwara Nagar has remained consistent at Rs 200 per sq.ft for the 2023 and 2024 revisions. The register has no figure for this street for the revisions in 2002, 2003, 2007, 2012, and 2017.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 200 per sq.ft. This stability indicates that the value has not fluctuated between these two years.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sri Venkateshwara Nagar's 2024 figure below that median.

• Sri Sivam Avenue: Rs 200 per sq.ft (2024)
• Sri Selvi Nagar: Rs 200 per sq.ft (2024)
• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Venkateshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value is 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 charges Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Venkateshwara Nagar?

The Sub Registrar Office that covers Sri Venkateshwara Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial component in the registration process of property transactions in Puliyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining a fair and regulated property market.

Frequently asked questions

What is the current guideline value of Sri Venkateshwara Nagar?

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

How has the guideline value changed in recent years?

The guideline value has remained at Rs 200 per sq.ft for both the 2023 and 2024 revisions, with no changes between these years.

What is the median guideline value in Puliyampakkam?

The median guideline value for the streets in Puliyampakkam is Rs 250 per sq.ft, with Sri Venkateshwara Nagar's value being below that median.

What are the stamp duty and registration fees for property in Sri Venkateshwara Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Sri Venkateshwara Nagar?

The Walajabad Sub Registrar Office handles property registrations for Sri Venkateshwara Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.