Guideline Value for Sri Venkateswara nagar

Sri Venkateswara nagar guideline value

The current guideline value of Sri Venkateswara nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Venkateswara nagar has changed

The guideline value for Sri Venkateswara nagar has remained constant at Rs 1,500 per sq.ft since the 2023 revision. Prior to this, the 2017 revision set the value at Rs 1,005 per sq.ft, indicating a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Sri Venkateswara nagar aligns with this median.

• Star Residency: Rs 1,200 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,200 per sq.ft (2024)
• Sri Sai Avenue: Rs 1,000 per sq.ft (2024)
• Sriram Nagar: Rs 1,200 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 1,200 per sq.ft (2024)
• Swaminathanaicken Street: Rs 2,001 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 rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Venkateswara nagar?

The Sub Registrar Office that covers Sri Venkateswara nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate stamp duty and registration fees.

During the registration process, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Sri Venkateswara nagar?

The current guideline value of Sri Venkateswara nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since the 2023 revision. It was Rs 1,005 per sq.ft in the 2017 revision, showing a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for a property in Sri Venkateswara nagar?

For a 1,000 sq.ft property at Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office is responsible for Sri Venkateswara nagar?

The Gooduvancheri Sub Registrar Office covers Sri Venkateswara nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202.

What is the land classification of Sri Venkateswara nagar?

Sri Venkateswara nagar is classified as Residential Special Type - I, indicating its suitability for residential development.