Guideline Value for VENKATAPATHI NAGAR

Venkatapathi Nagar guideline value

The current guideline value of Venkatapathi Nagar is Rs 700 per sq.ft. This area is located in Perumalpattu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of Venkatapathi Nagar has changed

According to the register, the guideline value for Venkatapathi Nagar was last revised in 2023, with the current rate set at Rs 700 per sq.ft. There are no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

As such, there have been no changes in the guideline value between the revisions listed above. The only available figure is from the 2023 revision, which is Rs 700 per sq.ft.

Guideline values in Perumalpattu

Currently, there are no specific village figures available for Perumalpattu. Venkatapathi Nagar is one of the streets in this locality, and there are no other streets in Perumalpattu under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Venkatapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for stamp duty and registration fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatapathi Nagar?

The Sub Registrar Office that covers Venkatapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

For further information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perumalpattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Venkatapathi Nagar?

The current guideline value of Venkatapathi Nagar is Rs 700 per sq.ft as per the latest revision in 2023.

What land classification does Venkatapathi Nagar fall under?

Venkatapathi Nagar is classified as Residential Class I Type - III.

Are there any previous guideline value figures for Venkatapathi Nagar?

There are no previous guideline value figures available for Venkatapathi Nagar for the years 2024, 2017, 2012, 2007, 2003, and 2002.

How is the stamp duty calculated for properties in Venkatapathi Nagar?

Stamp duty for properties in Venkatapathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 49,000 based on the current guideline value.

Where is the Sub Registrar Office for Venkatapathi Nagar located?

The Sub Registrar Office covering Venkatapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.