Guideline Value for VENKAT AVENUE

Venkat Avenue guideline value

The current guideline value of Venkat Avenue, located in Kayirambedu village, is Rs 2,389 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - II.

How the guideline value of Venkat Avenue has changed

According to the guideline value register, there are no figures available for Venkat Avenue for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 2,389 per sq.ft, showing no change from the previous year. The current 2024 revision also holds the same figure of Rs 2,389 per sq.ft, indicating a change of +0% from 2023 to 2024.

Thus, the guideline value for Venkat Avenue has remained stable over the last two revisions, reflecting consistency in the valuation for this street.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Venkat Avenue's guideline value of Rs 2,389 per sq.ft is significantly above this median.

• Venus Nagar: Rs 500 per sq.ft (2024)
• Vasanthapuram: Rs 700 per sq.ft (2024)
• Vijay Avenue: Rs 700 per sq.ft (2024)
• Vinayaka Nagar: Rs 700 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)
• Vaishnavi Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Venkat Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value amounts to Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, bringing the total charges to Rs 2,15,010. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkat Avenue?

The Sub Registrar Office that covers Venkat Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical aspect of property transactions in Kayirambedu, as it determines the minimum value at which properties can be registered. It is essential for buyers and sellers to understand that the guideline value impacts the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value serves as a reference point for the official registration process. It ensures that the property is valued appropriately, and the necessary fees are calculated based on this value, safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Venkat Avenue?

The current guideline value of Venkat Avenue is Rs 2,389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Venkat Avenue for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 2,389 per sq.ft for both the 2023 and 2024 revisions, showing no change.

What is the land classification of Venkat Avenue?

Venkat Avenue is classified as Mixed Special Type - II, which indicates its zoning and permissible land uses.

How is the stamp duty calculated for properties in Venkat Avenue?

The stamp duty for properties in Venkat Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,67,230 based on the current guideline value.

Where is the Sub Registrar Office for Venkat Avenue located?

The Chengleput Joint II Sub Registrar Office, which covers Venkat Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.