Guideline Value for VENKATAPURAM

Venkatapuram guideline value

The current guideline value of Venkatapuram, located in Thandurai village under the Avadi SRO, is Rs 988 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Venkatapuram has changed

The guideline value of Venkatapuram has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 108 per sq.ft. This value increased to Rs 124 per sq.ft in 2003, marking a rise of 15%. From 2003 to 2007, there was a significant increase of 211%, bringing the value to Rs 386 per sq.ft. The value further rose to Rs 900 per sq.ft in 2012, representing an increase of 133% from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 603 per sq.ft. The 2023 revision saw the value increase to Rs 900 per sq.ft, and the most recent revision in 2024 has set it at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 815%. There are no figures for any other revisions for this street in the register.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, and Venkatapuram's 2024 guideline value is equal to this median.

• Velankanni Street: Rs 988 per sq.ft (2024)
• Venkateswara Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Venkateswara Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Venkateswar Street, Kamarajapuram: Rs 988 per sq.ft (2024)
• Vasugi Street: Rs 988 per sq.ft (2024)
• Vigneshwara Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatapuram?

Venkatapuram is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

When a property is registered, the guideline value is used to calculate the necessary fees, which can vary based on the size and location of the property. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatapuram?

The current guideline value of Venkatapuram is Rs 988 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 108 per sq.ft to Rs 988 per sq.ft in 2024, marking an overall increase of 815% over this period.

What are the stamp duty and registration fees for property in Venkatapuram?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,88,000. The stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which Sub Registrar Office covers Venkatapuram?

Venkatapuram falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What other streets in Thandurai have similar guideline values?

Other streets in Thandurai with similar guideline values include Velankanni Street, Venkateswar Street, Vasugi Street, and Vigneshwara Nagar, all at Rs 988 per sq.ft in 2024.