Guideline Value for Sri venkateswara Avenue

Sri venkateswara Avenue guideline value

The current guideline value of Sri Venkateswara Avenue is Rs 2,000 per sq.ft as per the 2023 revision. This street is located in Urapakkam village, falling under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Sri venkateswara Avenue has changed

The guideline value for Sri Venkateswara Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision marked a decrease to Rs 1,340 per sq.ft, which was a reduction of 33% from the previous figure. The most recent revision in 2023 increased the value by 49% to the current Rs 2,000 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained stable, showing no change. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Sri Venkateswara Avenue is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with their guideline values.

Stamp duty and registration fee for property in Sri venkateswara Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri venkateswara Avenue?

The Sub Registrar Office that covers Sri Venkateswara Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Venkateswara Avenue?

The current guideline value of Sri Venkateswara Avenue is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then back to Rs 2,000 per sq.ft in 2023, showing a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,80,000, which includes Rs 1,40,000 for stamp duty and Rs 40,000 for registration fees.

Which office handles registrations for Sri Venkateswara Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Venkateswara Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for users to estimate their fees based on the guideline value.