Guideline Value for VENKATA AMSAVENI NAGAR

Venkata Amsaveni Nagar guideline value

The current guideline value for Venkata Amsaveni Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Devathanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Venkata Amsaveni Nagar has changed

The guideline value for Venkata Amsaveni Nagar has undergone several revisions over the years. The oldest registered figure is from 2017, where the value was Rs 67 per sq.ft. In the subsequent revisions, the value increased to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase from the 2017 figure.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has remained consistent at Rs 100 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 111 per sq.ft. The median value for these streets is Rs 100 per sq.ft, placing Venkata Amsaveni Nagar at the median level.

• Venkat Narayana Nagar: Rs 100 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 100 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 111 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Venkata Amsaveni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkata Amsaveni Nagar?

The Sub Registrar Office covering Venkata Amsaveni Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

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

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable charges, ensuring that the registration reflects the correct financial obligations based on the property's value.

Frequently asked questions

What is the current guideline value of Venkata Amsaveni Nagar?

The current guideline value of Venkata Amsaveni Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty rates applicable in Venkata Amsaveni Nagar?

The stamp duty rate in Venkata Amsaveni Nagar is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which office handles property registration for Venkata Amsaveni Nagar?

The Ponneri Sub Registrar Office handles property registration for Venkata Amsaveni Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value in Devathanam?

The median guideline value in Devathanam for the year 2024 is Rs 100 per sq.ft, which is the same as the guideline value for Venkata Amsaveni Nagar.