Guideline Value for VENKATSWARA NAGAR

Venkatswara Nagar guideline value

The current guideline value of Venkatswara Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Venkatswara Nagar has changed

The guideline value for Venkatswara Nagar has seen several revisions over the years. From the 2012 revision, which was Rs 625 per sq.ft, it decreased to Rs 419 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current guideline value of Venkatswara Nagar.

• Vetri Nagar: Rs 626 per sq.ft (2024)
• Vengopal Street: Rs 626 per sq.ft (2024)
• Vel Murugan Nagar: Rs 626 per sq.ft (2024)
• Veera Ragava Nagar: Rs 626 per sq.ft (2024)
• Veera Anjaneya Puram / Nagar: Rs 626 per sq.ft (2024)
• Viveka Nanda Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. 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 Venkatswara Nagar?

The Sub Registrar Office that covers Venkatswara Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with the legal requirements during property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Venkatswara Nagar?

The current guideline value of Venkatswara Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Venkatswara Nagar?

The land classification for Venkatswara Nagar is Residential Class II Type - III.

Where can I find the Sub Registrar Office for Venkatswara Nagar?

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

How is the stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 626 per sq.ft, the stamp duty would be Rs 43,820.