Guideline Value for VENKATARAMAN NAGAR "GANAPATHI STREET"

Venkataraman Nagar "ganapathi Street" guideline value

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

How the guideline value of Venkataraman Nagar "ganapathi Street" has changed

The guideline value for Venkataraman Nagar "ganapathi Street" has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 400%. The value remained unchanged at Rs 3,000 per sq.ft until the next revision in 2023, where it increased to Rs 3,300 per sq.ft, reflecting a 10% rise. The current guideline value of Rs 3,300 per sq.ft is effective from 1 July 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for Venkataraman Nagar "ganapathi Street". Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a guideline value for 2024, 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, which means that Venkataraman Nagar "ganapathi Street" is above this median.

• Venkataraman Nagar "duraisamy Reddy Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "gandhi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "dhanapalchetty Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "kannagi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "bharathi Street": Rs 3,300 per sq.ft (2024)
• Venkataraman Nagar "LAKSHMANAMUTHALIAR 1st STREET": Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Venkataraman Nagar "ganapathi Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Venkataraman Nagar "ganapathi Street"?

The Sub Registrar Office that covers Venkataraman Nagar "ganapathi Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 in the registration process when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately in the official documents.

When buyers and sellers engage in a property transaction, the guideline value is referenced to calculate the applicable fees, which are essential for the legal transfer of property ownership. Understanding the guideline value is important for both parties to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Venkataraman Nagar "ganapathi Street"?

The current guideline value of Venkataraman Nagar "ganapathi 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 changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 450% over the years.

What is the land classification for Venkataraman Nagar "ganapathi Street"?

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

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur, such as Venkataraman Nagar "duraisamy Reddy Street", "gandhi Street", "dhanapalchetty Street", "kannagi Street", "bharathi Street", and "LAKSHMANAMUTHALIAR 1st STREET", all have the same guideline value of Rs 3,300 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Venkataraman Nagar "ganapathi Street"?

The Sub Registrar Office for Venkataraman Nagar "ganapathi Street" is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.