Guideline Value for VENKATESAPURAM COLONY (KR)

Venkatesapuram Colony (Kr) guideline value

The current guideline value of Venkatesapuram Colony (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Venkatesapuram Colony (Kr) has changed

The guideline value for Venkatesapuram Colony (Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased to Rs 600 per sq.ft in the 2023 revision, followed by a rise to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Venkatesapuram Colony (Kr) below this median.

• Venkateswaran Nagar (Per): Rs 660 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Vethanayagam Street(Ward -8): Rs 1,760 per sq.ft (2024)
• Vetri Nagar: Rs 990 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram Colony (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total fees would be Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatesapuram Colony (Kr)?

The Sub Registrar Office that covers Venkatesapuram Colony (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When you register a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the registration reflects a fair valuation of the property based on current market conditions.

Frequently asked questions

What is the current guideline value of Venkatesapuram Colony (Kr)?

The current guideline value of Venkatesapuram Colony (Kr) is Rs 660 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 2012 to Rs 660 per sq.ft in 2024, with various revisions in between, including a drop to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

What is the median guideline value in Kattankollatur?

The median guideline value for the 453 streets in Kattankollatur is Rs 1,100 per sq.ft, which means Venkatesapuram Colony (Kr) is below this median.

What are the stamp duty and registration fees for properties in Venkatesapuram Colony (Kr)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles the registration for Venkatesapuram Colony (Kr)?

The Chengleput Joint II Sub Registrar Office handles the registration for Venkatesapuram Colony (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.