Guideline Value for VENKATESAPURAM COLONY (KR)

Venkatesapuram Colony (Kr) guideline value

The current guideline value for Venkatesapuram Colony (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor 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 was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 10%. The most notable change was between 2017 and 2023, where the value jumped by 49%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Venkatesapuram Colony (Kr)'s current value below this median.

• Venkateswaran Nagar (Per): Rs 661 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)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Veeramamunivar Street (Ward -4): Rs 1,320 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatesapuram Colony (Kr)?

The Sub Registrar Office covering 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 details.

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

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

When a property is registered, the guideline value is assessed, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value for Venkatesapuram Colony (Kr) is Rs 661 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 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Venkatesapuram Colony (Kr)?

Venkatesapuram Colony (Kr) is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles registrations for Venkatesapuram Colony (Kr)?

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