Guideline Value for VENUGOPAL MUDALIYAR STREET

Venugopal Mudaliyar Street guideline value

The current guideline value of Venugopal Mudaliyar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village and falls under the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venugopal Mudaliyar Street has changed

The guideline value for Venugopal Mudaliyar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This increased to Rs 134 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a substantial rise of 124%, bringing it back to Rs 300 per sq.ft. The 2023 revision maintained this value, and the same figure continues into the 2024 revision, showing no change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the current 2024 value, there has been an increase of 50%.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Venugopal Mudaliyar Street's guideline value aligns with this median.

• Thalleri Palayam Street: Rs 300 per sq.ft (2024)
• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)
• Sudukadu Chellum Pathai: Rs 300 per sq.ft (2024)
• Sri Sai Aanand Garden: Rs 300 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Mudaliyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Venugopal Mudaliyar Street?

The Sub Registrar Office that covers Venugopal Mudaliyar Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chinnakavanam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venugopal Mudaliyar Street?

The current guideline value of Venugopal Mudaliyar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023 and has remained the same in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which office handles property registrations for Venugopal Mudaliyar Street?

The Ponneri Sub Registrar Office handles property registrations for Venugopal Mudaliyar Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Venugopal Mudaliyar Street?

The land classification for Venugopal Mudaliyar Street is Residential Class II Type - I.