Guideline Value for VENKATARAMAN NAGAR "DURAISAMY REDDY STREET" (ALL STREET)

Venkataraman Nagar "duraisamy Reddy Street" (All Street) guideline value

The current guideline value for Venkataraman Nagar "duraisamy Reddy Street" (All Street) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam SRO, classified as Residential Special Type - III.

How the guideline value of Venkataraman Nagar "duraisamy Reddy Street" (All Street) has changed

Since the 2012 revision, the guideline value for Venkataraman Nagar "duraisamy Reddy Street" has seen an increase of 10%. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, the latest 2024 revision has raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

For the years 2002, 2003, 2007, and 2017, the register has no figure for this street. Therefore, the only revisions with figures are from 2012, 2023, and 2024, showing a consistent value of Rs 3,000 per sq.ft from 2012 to 2023, followed by the increase to Rs 3,300 per sq.ft in 2024.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing Venkataraman Nagar "duraisamy Reddy Street" above this median at Rs 3,300 per sq.ft.

• Venkataraman Nagar "dhanapalchetty Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "ganapathi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "bharathi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "gandhi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "anna Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "kannagi Street": Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Venkataraman Nagar "duraisamy Reddy Street" (All Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkataraman Nagar "duraisamy Reddy Street" (All Street)?

The Venkataraman Nagar "duraisamy Reddy Street" (All Street) is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Korattur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Venkataraman Nagar "duraisamy Reddy Street"?

The current guideline value for Venkataraman Nagar "duraisamy Reddy Street" is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase over this period.

What is the land classification for this street?

Venkataraman Nagar "duraisamy Reddy Street" is classified as Residential Special Type - III.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated in Korattur?

Stamp duty in Korattur is calculated based on the guideline value or the sale price, whichever is higher. This is essential for determining the fees due at the time of property registration.