Guideline Value for SRI VENKATESWARA NAGAR

Sri Venkateswara Nagar guideline value

The current guideline value of Sri Venkateswara Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Siruvanoor village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Venkateswara Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision saw the value return to Rs 200 per sq.ft. The latest revision in 2024 has kept the guideline value stable at Rs 200 per sq.ft, reflecting a 0% change from the previous year and a 49% increase from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows no change in the guideline value.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median value is Rs 250 per sq.ft, placing Sri Venkateswara Nagar's 2024 figure below this median.

• Sri Varsha Garden: Rs 400 per sq.ft (2024)
• Sri Selva Ganapathi Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• S.P. Garden: Rs 100 per sq.ft (2024)
• S.J.N. Nagar: Rs 100 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Venkateswara 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, resulting in a total of 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Venkateswara Nagar?

The Sub Registrar Office that covers Sri Venkateswara Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Siruvanoor. It is the benchmark used by the registration department to determine the applicable stamp duty and registration fees, ensuring that all transactions are valued consistently.

When buying or selling property, the guideline value is considered alongside the sale price; the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Venkateswara Nagar?

The current guideline value of Sri Venkateswara 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 seen various changes, with the most recent being Rs 200 per sq.ft in 2024, which is the same as in 2023. It increased from Rs 134 per sq.ft in 2017 and remained at Rs 200 per sq.ft in 2012.

What are the other streets in Siruvanoor and their guideline values?

There are several other streets in Siruvanoor with varying guideline values. For example, Sri Varsha Garden is valued at Rs 400 per sq.ft, while S.P. Garden, S.J.N. Nagar, and Senthil Nagar are valued at Rs 100 per sq.ft.

What fees are associated with buying property in Sri Venkateswara Nagar?

When buying property in Sri Venkateswara Nagar, buyers need to consider stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Venkateswara Nagar?

The Sub Registrar Office for Sri Venkateswara Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.