Guideline Value for VENKATESHWARA NAGAR 19TH STREET

Venkateshwara Nagar 19th Street guideline value

The current guideline value of Venkateshwara Nagar 19th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Venkateshwara Nagar 19th Street has changed

In the 2023 revision, the guideline value was set at Rs 3,500 per sq.ft. This marked an increase of 11% to the current value of Rs 3,900 per sq.ft in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions for Venkateshwara Nagar 19th Street are from 2023 and 2024, showing a clear upward movement in the guideline value over this period.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Venkateshwara Nagar 19th Street.

• Venkateshwara Nagar 18th Cross Street: Rs 3,900 per sq.ft (2024)
• Venkateshwara Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Venkateshwara Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Venkateshwara Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Venkateshwara Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Venkateshwara Nagar 1st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwara Nagar 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Venkateshwara Nagar 19th Street?

The Sub Registrar Office that covers Venkateshwara Nagar 19th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar 19th Street?

The current guideline value of Venkateshwara Nagar 19th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

What is the land classification of Venkateshwara Nagar 19th Street?

Venkateshwara Nagar 19th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Venkateshwara Nagar 19th Street?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Venkateshwara Nagar 19th Street?

The Adayar Sub Registrar Office handles the registration for Venkateshwara Nagar 19th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.