Guideline Value for Sri Venkatachalapathy Nagar

Sri Venkatachalapathy Nagar guideline value

The current guideline value of Sri Venkatachalapathy Nagar is Rs 410 per sq.ft, effective from 1 July 2024. This area is located in Vallam village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Venkatachalapathy Nagar has changed

The guideline value for Sri Venkatachalapathy Nagar has undergone several revisions over the years. The register has no figures for this street in 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 300 per sq.ft, which increased to Rs 410 per sq.ft in 2024, marking a change of +37%.

This increase reflects the current valuation trends in the area. The 2024 figure of Rs 410 per sq.ft is the latest and represents the highest guideline value recorded for this street in the available revisions.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Venkatachalapathy Nagar's 2024 guideline value is above this median.

• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)
• Subhsri Nagar: Rs 200 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Venkatachalapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 410 per sq.ft, the total guideline value amounts to Rs 4,10,000. The stamp duty at 7% would be Rs 28,700, and the registration fee at 2% would be Rs 8,200, totaling Rs 36,900. 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 further calculations.

Which Sub Registrar Office covers Sri Venkatachalapathy Nagar?

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

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

The guideline value is a crucial factor in property transactions in Vallam. It serves as a benchmark for calculating stamp duty and registration fees during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is used to determine the applicable taxes and fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Sri Venkatachalapathy Nagar?

The current guideline value of Sri Venkatachalapathy Nagar is Rs 410 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 410 per sq.ft in 2024, reflecting a change of +37%.

What is the classification of land in Sri Venkatachalapathy Nagar?

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

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

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

How is the stamp duty calculated for properties in Sri Venkatachalapathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,10,000, the stamp duty would be Rs 28,700 at a rate of 7%.