Guideline Value for VENKATESHWAR AVENUE

Venkateshwar Avenue guideline value

The current guideline value of Venkateshwar Avenue is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Paandoor village under the Thiruporur SRO, with a land classification of Mixed Type - III.

How the guideline value of Venkateshwar Avenue has changed

The guideline value for Venkateshwar Avenue has seen revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 800 per sq.ft, which was a slight increase from the previous figure. The most recent revision in 2024 raised the value to Rs 805 per sq.ft, reflecting a 1% increase from the 2023 figure.

Overall, the guideline value for Venkateshwar Avenue has changed from Rs 800 per sq.ft in 2023 to Rs 805 per sq.ft in 2024. This change indicates a modest adjustment in the property valuation for this street.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that have a 2024 guideline value, ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 1,493 per sq.ft, placing Venkateshwar Avenue's 2024 figure below this median.

• Venkateshwara Avenue Phase I & II: Rs 600 per sq.ft (2024)
• Velan Avenue: Rs 1,493 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)
• VSV Avenue: Rs 1,110 per sq.ft (2024)
• Sri Sumangali Nagar: Rs 1,200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, while the registration fee at 2% would be Rs 16,100. Together, the total cost for stamp duty and registration would be Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkateshwar Avenue?

The Venkateshwar Avenue is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paandoor. It serves as a reference point for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the property's valuation.

Frequently asked questions

What is the current guideline value of Venkateshwar Avenue?

The current guideline value of Venkateshwar Avenue is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 805 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Paandoor?

The median guideline value in Paandoor is Rs 1,493 per sq.ft. Venkateshwar Avenue's guideline value is below this median.

What are the stamp duty and registration fees for property in Venkateshwar Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 805 per sq.ft, the total guideline value is Rs 8,05,000. The stamp duty would be Rs 56,350 and the registration fee would be Rs 16,100, totaling Rs 72,450.

Which office handles registrations for Venkateshwar Avenue?

The Thiruporur Sub Registrar Office handles registrations for Venkateshwar Avenue. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.