Guideline Value for VENKATESAPURAM NEW COLONY 2ND CROSS STREET

Venkatesapuram New Colony 2nd Cross Street guideline value

The current guideline value of Venkatesapuram New Colony 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under Residential Class IV Type - I land classification.

How the guideline value of Venkatesapuram New Colony 2nd Cross Street has changed

The guideline value of Venkatesapuram New Colony 2nd Cross Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 2,000 per sq.ft in 2023 and has now reached Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Venkatesapuram New Colony 2nd Cross Street's 2024 figure below that median.

• Venkatesapuram New Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Venkatesapuram New Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Venkatesapuram New Colony: Rs 2,200 per sq.ft (2024)
• Venkatesapuram New Colony Mainroad: Rs 2,200 per sq.ft (2024)
• Venkatesapuram 8th Street: Rs 2,200 per sq.ft (2024)
• Venkatesapuram 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram New Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkatesapuram New Colony 2nd Cross Street?

The Venkatesapuram New Colony 2nd Cross Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Venkatesapuram New Colony 2nd Cross Street?

The current guideline value for Venkatesapuram New Colony 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over the years.

Where can I find the Sub Registrar Office for Venkatesapuram New Colony 2nd Cross Street?

The Purasaivakkam Sub Registrar Office covers Venkatesapuram New Colony 2nd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

What is the median guideline value in Perambur?

The median guideline value for the 1,114 streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, which is above the current value of Venkatesapuram New Colony 2nd Cross Street.