Guideline Value for VENTURE GARDEN

Venture Garden guideline value

The current guideline value of Venture Garden, located in Konnur village, is Rs 3,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Konnur SRO and is classified as Residential Class I Type - V.

How the guideline value of Venture Garden has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Venture Garden. The most recent revision is the 2024 figure, which is Rs 3,500 per sq.ft.

As noted, the 2024 revision is the only figure available for this street, and it reflects no changes from previous years, as those years do not have any recorded values for Venture Garden.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of Venture Garden is below this median.

• Vetriselvi Shri Ranga Street: Rs 5,500 per sq.ft (2024)
• Vettri Selvi Anbazhagan Nagar: Rs 5,500 per sq.ft (2024)
• Velumani Street: Rs 3,800 per sq.ft (2024)
• Vellerithangal Lane: Rs 3,800 per sq.ft (2024)
• Vellalar Street: Rs 5,500 per sq.ft (2024)
• Veeraranga Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Venture Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venture Garden?

The Konnur Sub Registrar Office covers Venture Garden, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venture Garden?

The current guideline value of Venture Garden is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for Venture Garden in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for Venture Garden?

Venture Garden is classified as Residential Class I Type - V according to the guideline value register.

What are the stamp duty rates for property in Konnur?

The stamp duty for property transactions in Konnur is set at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venture Garden?

The Sub Registrar Office for Venture Garden is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.