Guideline Value for VENKATESH KUMAR NAGAR PHASE I

Venkatesh Kumar Nagar Phase I guideline value

The current guideline value of Venkatesh Kumar Nagar Phase I is Rs 450 per sq.ft, effective from 1 July 2024. This locality is situated in Irumpuli village, under the Acchirapakkam SRO, and is classified as Residential Special Type - II.

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

According to the guideline value register, there are no figures available for Venkatesh Kumar Nagar Phase I for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 450 per sq.ft, and this figure has remained unchanged in the 2024 revision, showing a change of +0% from the previous year.

As of the 2024 revision, the guideline value stands at Rs 450 per sq.ft. This consistency in value over the last two revisions indicates stability in the pricing for this locality.

Guideline values in Irumpuli

In Irumpuli, there are 12 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft, with a median value of Rs 402 per sq.ft. Venkatesh Kumar Nagar Phase I's 2024 figure is above this median.

• Venkatesh Kumar Nagar Phase II: Rs 450 per sq.ft (2024)
• Venkatesh Kumar Nagar Phase III: 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 I

For a 1,000 sq.ft plot at the current rate, the 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 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 I?

The Sub Registrar Office that covers Venkatesh Kumar Nagar Phase I 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 crucial factor in the registration process when buying or selling property in Irumpuli. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 450 per sq.ft in both the 2023 and 2024 revisions, showing no change.

What are the other streets in Irumpuli with their guideline values?

Other streets in Irumpuli include Venkatesh Kumar Nagar Phase II and Phase III, both at Rs 450 per sq.ft, Melmaruvathur Highway City and Maha Sri Township Manaipirivu -I at Rs 250 per sq.ft, and Bgr Breeze Garden at Rs 402 per sq.ft.

What fees are associated with buying property in Venkatesh Kumar Nagar Phase I?

When purchasing property in Venkatesh Kumar Nagar Phase I, buyers need to consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkatesh Kumar Nagar Phase I?

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