Guideline Value for Sri Venkateshwara Nagar

Sri Venkateshwara Nagar guideline value

The current guideline value of Sri Venkateshwara Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Orakadam village under the Thirukazhukundram SRO, classified as Residential Special Type - V.

How the guideline value of Sri Venkateshwara Nagar has changed

In the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Venkateshwara Nagar. The 2023 revision also listed the guideline value at Rs 400 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was a change of +0%, keeping the guideline value consistent at Rs 400 per sq.ft. This indicates stability in the valuation for this street over the last two years.

Guideline values in Orakadam

In Orakadam, three streets under the Thirukazhukundram SRO have a 2024 guideline value, ranging from Rs 120 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Venkateshwara Nagar at this median value.

• Rk Garden: Rs 120 per sq.ft (2024)
• Sri Vari Nagar: Rs 400 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 rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Venkateshwara Nagar?

The Sub Registrar Office that covers Sri Venkateshwara Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process of property transactions in Orakadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value will be used to determine the applicable charges, which are based on either the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented.

Frequently asked questions

What is the current guideline value of Sri Venkateshwara Nagar?

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

How has the guideline value changed over the years?

The guideline value for Sri Venkateshwara Nagar has remained at Rs 400 per sq.ft since the 2023 revision, with no changes from the previous revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Orakadam?

The guideline values for other streets in Orakadam range from Rs 120 to Rs 400 per sq.ft, with Sri Venkateshwara Nagar matching the median value of Rs 400 per sq.ft.

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

For a 1,000 sq.ft plot, the guideline value is Rs 4,00,000. The total stamp duty and registration fees would amount to Rs 36,000, which includes Rs 28,000 for stamp duty and Rs 8,000 for the registration fee.

Which office handles registrations for Sri Venkateshwara Nagar?

The Thirukazhukundram Sub Registrar Office handles registrations for Sri Venkateshwara Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.