Guideline Value for VENKATESH KUMAR NAGAR PHASE III

Venkatesh Kumar Nagar Phase III guideline value

The current guideline value of Venkatesh Kumar Nagar Phase III is Rs 450 per sq.ft. This area is located in Irumpuli village and falls under the Acchirapakkam SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Venkatesh Kumar Nagar Phase III has changed

The guideline value register for Venkatesh Kumar Nagar Phase III shows that there have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 450 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 450 per sq.ft. This indicates a 0% change from 2023 to 2024.

Overall, the guideline value for Venkatesh Kumar Nagar Phase III has been consistent at Rs 450 per sq.ft for both the 2023 and 2024 revisions, reflecting stability in this area for the specified period.

Guideline values in Irumpuli

In Irumpuli village, there are 12 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Venkatesh Kumar Nagar Phase III above this median.

• Venkatesh Kumar Nagar Phase II: Rs 450 per sq.ft (2024)
• Venkatesh Kumar Nagar Phase I: Rs 450 per sq.ft (2024)
• Melmaruvathur Highway City: Rs 250 per sq.ft (2024)
• Maha Sri Township Manaipirivu -I: Rs 250 per sq.ft (2024)
• Bgr Breeze Garden: Rs 402 per sq.ft (2024)
• Major Mukundhan Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesh Kumar Nagar Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. 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 Venkatesh Kumar Nagar Phase III?

The Sub Registrar Office that covers Venkatesh Kumar Nagar Phase III is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Irumpuli. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded accurately in the local land records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Venkatesh Kumar Nagar Phase III?

The current guideline value of Venkatesh Kumar Nagar Phase III is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Venkatesh Kumar Nagar Phase III has remained stable at Rs 450 per sq.ft for both the 2023 and 2024 revisions. There have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Venkatesh Kumar Nagar Phase III?

The land classification for Venkatesh Kumar Nagar Phase III is Residential Special Type - II, indicating its designated use for residential purposes.

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

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Venkatesh Kumar Nagar Phase III located?

The Acchirapakkam Sub Registrar Office, which covers Venkatesh Kumar Nagar Phase III, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.