Guideline Value for VENKATESHWARA NAGAR

Venkateshwara Nagar guideline value

The current guideline value of Venkateshwara Nagar in Kalivanthapattu village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Residential Special Type - II.

How the guideline value of Venkateshwara Nagar has changed

In the 2023 revision, the guideline value for Venkateshwara Nagar was also Rs 800 per sq.ft. There has been no change in the guideline value from 2023 to 2024, reflecting a 0% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available figures for Venkateshwara Nagar are from the 2023 and 2024 revisions, both set at Rs 800 per sq.ft. The consistent guideline value suggests stability in this area for the specified period.

Guideline values in Kalivanthapattu

Kalivanthapattu village has 19 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, placing Venkateshwara Nagar's 2024 figure above this median.

• Vgp New Gold Avenue: Rs 605 per sq.ft (2024)
• Vgp New Golden Avenue: Rs 605 per sq.ft (2024)
• Vigilance Nagar: Rs 600 per sq.ft (2024)
• Thirunagar: Rs 450 per sq.ft (2024)
• Sundrapuram: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkateshwara Nagar?

The Venkateshwara Nagar area 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kalivanthapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar?

The current guideline value of Venkateshwara Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Venkateshwara Nagar has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions, showing no change. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Kalivanthapattu?

The median guideline value for the 19 streets in Kalivanthapattu is Rs 605 per sq.ft. Venkateshwara Nagar's 2024 guideline value is above this median.

What are the stamp duty rates in Venkateshwara Nagar?

The stamp duty rate in Venkateshwara Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Venkateshwara Nagar?

The Sub Registrar Office covering Venkateshwara Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu zone. You can find more details by using the provided link to locate your SRO.