Guideline Value for VENKATESWARA NAGAR (KRISHNA FOUNDATION )

Venkateswara Nagar (Krishna Foundation ) guideline value

The current guideline value of Venkateswara Nagar (Krishna Foundation ) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Venkateswara Nagar (Krishna Foundation ) has changed

The guideline value for Venkateswara Nagar (Krishna Foundation ) has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, and Venkateswara Nagar (Krishna Foundation ) is above this median.

• Villa Viviana: Rs 1,540 per sq.ft (2024)
• Villiyar Paint Company Road (Chen): Rs 1,320 per sq.ft (2024)
• Vandipalaiyathamman Koil Street (Chen): Rs 660 per sq.ft (2024)
• Vinayagar Kovil Street (Chen): Rs 660 per sq.ft (2024)
• Vagrathunda Nagar (Chen): Rs 660 per sq.ft (2024)
• Thulir: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar (Krishna Foundation )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkateswara Nagar (Krishna Foundation )?

The Sub Registrar Office covering Venkateswara Nagar (Krishna Foundation ) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar (Krishna Foundation )?

The current guideline value of Venkateswara Nagar (Krishna Foundation ) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then rising to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has increased it to Rs 1,100 per sq.ft.

What is the land classification for Venkateswara Nagar (Krishna Foundation )?

Venkateswara Nagar (Krishna Foundation ) is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Venkateswara Nagar (Krishna Foundation )?

Stamp duty for properties in Venkateswara Nagar (Krishna Foundation ) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.