Guideline Value for VENKATESWAR STREET, KAMARAJAPURAM

Venkateswar Street, Kamarajapuram guideline value

The current guideline value of Venkateswar Street, Kamarajapuram is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venkateswar Street, Kamarajapuram has changed

The guideline value for Venkateswar Street has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 saw a significant increase to Rs 900 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value of Venkateswar Street.

• Venkateswara Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Venkateswara Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Venkatapuram: Rs 988 per sq.ft (2024)
• Vigneshwara Nagar: Rs 988 per sq.ft (2024)
• Velankanni Street: Rs 988 per sq.ft (2024)
• Vinayagar Koil St: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswar Street, Kamarajapuram

For a 1,000 sq.ft plot at the current rate of Rs 988 per sq.ft, the guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswar Street, Kamarajapuram?

The Sub Registrar Office that covers Venkateswar Street, Kamarajapuram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thandurai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Venkateswar Street, Kamarajapuram?

The current guideline value of Venkateswar Street, Kamarajapuram is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Venkateswar Street?

The land classification for Venkateswar Street, Kamarajapuram is Residential Class II Type - I.

Where is the Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for a property in Venkateswar Street?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.