Guideline Value for VENKATESWARA GARDEN

Venkateswara Garden guideline value

The current guideline value of Venkateswara Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Venkateswara Garden has changed

The guideline value for Venkateswara Garden has undergone significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, while the most recent 2024 revision increased it to Rs 1,700 per sq.ft, marking a change of +69%. The register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the increase reflects a notable rise in the guideline value. The previous revisions prior to 2017 do not have figures available for this street, indicating that the most substantial change has occurred in the latest revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Venkateswara Garden's 2024 figure is below this median.

• Venu Street (Grama Nadunchalai 17th Cross Street): Rs 2,200 per sq.ft (2024)
• V.G.P. Ammal Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Babu Street: Rs 5,500 per sq.ft (2024)
• Vgp Gold Beach South Part IV: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach 1st Cross Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach South 1st Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty, charged at 7%, would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Garden?

The Venkateswara Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value for their property to ensure compliance with legal requirements during the registration process. This value helps in assessing the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Venkateswara Garden?

The current guideline value of Venkateswara Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, which is a change of +69%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification of Venkateswara Garden?

The land classification for Venkateswara Garden is Residential Class IV Type - I.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Venkateswara Garden's 2024 figure being below this median.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.