Guideline Value for Sri Venkatachalapathy Annex

Sri Venkatachalapathy Annex guideline value

The current guideline value of Sri Venkatachalapathy Annex is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village and falls under the Sriperumpudur SRO. The land classification is Residential Class I Type - I.

How the guideline value of Sri Venkatachalapathy Annex has changed

The guideline value for Sri Venkatachalapathy Annex has undergone several revisions over the years. The earliest recorded figure in the register is from 2007, which was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, then dropped to Rs 268 per sq.ft in 2017. The most recent revisions in 2023 and 2024 show that the value has remained constant at Rs 400 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. However, the value saw a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 300%. Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing the guideline value of Sri Venkatachalapathy Annex above this median.

• Sri Varadharajan Nagar: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 400 per sq.ft (2024)
• S.S.A. Nagar: Rs 300 per sq.ft (2024)
• SSV Nagar: Rs 300 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Venkatachalapathy Annex

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000. Together, the total fees would be Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Venkatachalapathy Annex?

The Sub Registrar Office that covers Sri Venkatachalapathy Annex is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valarpuram. It is used to calculate the stamp duty and registration fees that must be paid to the government at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, thus preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Venkatachalapathy Annex?

The current guideline value of Sri Venkatachalapathy Annex is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Sri Venkatachalapathy Annex?

Sri Venkatachalapathy Annex is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Venkatachalapathy Annex is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.