Guideline Value for VENKATAPATHI NAIDU NAGAR

Venkatapathi Naidu Nagar guideline value

The current guideline value of Venkatapathi Naidu Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Venkatapathi Naidu Nagar has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure saw a significant increase to Rs 300 per sq.ft in the 2023 revision, marking a change of +124%. The 2024 revision maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Venkatapathi Naidu Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +124%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Venkatapathi Naidu Nagar's 2024 figure aligns with this median.

• Velavan Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 300 per sq.ft (2024)
• Sri Meenal Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 300 per sq.ft (2024)
• Sindur Nagar: Rs 300 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatapathi Naidu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatapathi Naidu Nagar?

Venkatapathi Naidu Nagar falls under 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 Thadaperumbakkam_2

The guideline value is a crucial determinant in the registration process for property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Thadaperumbakkam_2, the guideline value will be considered to assess the transaction's legality and compliance with local regulations. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatapathi Naidu Nagar?

The current guideline value of Venkatapathi Naidu Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by +124%, rising from Rs 134 per sq.ft to Rs 300 per sq.ft in 2023 and remaining at that level in 2024.

What is the land classification of Venkatapathi Naidu Nagar?

Venkatapathi Naidu Nagar is classified as Residential Class II Type - I.

Which office handles registrations for Venkatapathi Naidu Nagar?

The Ponneri Sub Registrar Office handles registrations for Venkatapathi Naidu Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Venkatapathi Naidu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft has a guideline value of Rs 3,00,000, resulting in a stamp duty of Rs 21,000 at 7%.