Guideline Value for VENKATESWARA OIL MILL ST

Venkateswara Oil Mill St guideline value

The current guideline value for Venkateswara Oil Mill St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Venkateswara Oil Mill St has changed

The guideline value for Venkateswara Oil Mill St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, rising to Rs 900 per sq.ft, and further increased by 10% to Rs 990 per sq.ft in the 2024 revision.

Between the revisions, the guideline value changed as follows: from 2017 to 2023, there was a 49% increase; from 2012 to 2017, there was a decrease of 33%; and overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is equal to the current value of Venkateswara Oil Mill St.

• Vgn Aviv Enclave: Rs 2,420 per sq.ft (2024)
• V.G.N.Royal Enclave: Rs 1,950 per sq.ft (2024)
• Velayudham St: Rs 1,980 per sq.ft (2024)
• Varadharajan St: Rs 990 per sq.ft (2024)
• Zahir Hussain Street: Rs 803 per sq.ft (2024)
• Thiruvallur St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Oil Mill St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Oil Mill St?

The Sub Registrar Office that covers Venkateswara Oil Mill St 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 Paleripattu

The guideline value is a crucial factor when registering property transactions in Paleripattu. It serves as a benchmark for determining the applicable stamp duty and registration fees during the property registration process.

Frequently asked questions

What is the current guideline value for Venkateswara Oil Mill St?

The current guideline value for Venkateswara Oil Mill St is Rs 990 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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the stamp duty for property on Venkateswara Oil Mill St?

The stamp duty for property on Venkateswara Oil Mill St is calculated at 7% of the guideline value, which amounts to Rs 69,300 for a plot valued at Rs 9,90,000.

Which office handles registrations for Venkateswara Oil Mill St?

The Avadi Sub Registrar Office handles registrations for Venkateswara Oil Mill St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Venkateswara Oil Mill St?

Venkateswara Oil Mill St is classified as Residential Class II Type - I, which is relevant for property development and transactions in the area.