Guideline Value for VENKATESWARAN NAGAR (PER)

Venkateswaran Nagar (Per) guideline value

The current guideline value of Venkateswaran Nagar (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Venkateswaran Nagar (Per) has changed

The guideline value for Venkateswaran Nagar (Per) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft. The most recent revision in 2024 has increased it to Rs 661 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no registered figures for Venkateswaran Nagar (Per) for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Venkateswaran Nagar (Per) is below this median.

• Vethanayagam Street(Ward -8): Rs 1,760 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 661 per sq.ft (2024)
• Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswaran Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total cost for these fees Rs 59,490. It is important to note that the 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 more details.

Which Sub Registrar Office covers Venkateswaran Nagar (Per)?

The Chengleput Joint II Sub Registrar Office covers Venkateswaran Nagar (Per). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial metric used during property registration in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Venkateswaran Nagar (Per)?

The current guideline value of Venkateswaran Nagar (Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification of Venkateswaran Nagar (Per)?

Venkateswaran Nagar (Per) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Venkateswaran Nagar (Per)?

The stamp duty is 7%, and the registration fee is 2% of the guideline value. For example, for a plot valued at Rs 6,61,000, the total fees would be Rs 59,490.

Which office handles registrations for Venkateswaran Nagar (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Venkateswaran Nagar (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.