Guideline Value for VENKATESWARA NAGAR

Venkateswara Nagar guideline value

The current guideline value of Venkateswara Nagar is Rs 300 per sq.ft. This area is located in Thozhuvur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class III Type - II.

How the guideline value of Venkateswara Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft, reflecting a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft, marking a significant rise of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

No specific village figures are provided for Thozhuvur. Venkateswara Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Venkateswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Venkateswara Nagar?

The Sub Registrar Office that covers Venkateswara Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, in the 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 Thozhuvur

The guideline value is an essential factor during the registration of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps establish a fair basis for the transaction, as it reflects the official valuation set by the authorities. This value is crucial for both buyers and sellers to understand the financial implications of their real estate dealings.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar?

The current guideline value of Venkateswara Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, starting at Rs 300 per sq.ft, dropping to Rs 201 per sq.ft in 2017, and then rising back to Rs 300 per sq.ft in 2023.

What is the registration office for Venkateswara Nagar?

The registration office for Venkateswara Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Venkateswara Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.

Are there any other streets in Thozhuvur with guideline values?

No other streets in Thozhuvur have been mentioned with specific guideline values under the Tiruvallur Joint 1 SRO.