Guideline Value for Venga Nagar

Venga Nagar guideline value

The current guideline value of Venga Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Venga Nagar has changed

The guideline value for Venga Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which remained unchanged at Rs 250 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure of Rs 250 per sq.ft, indicating no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, and the overall change from 2017 to 2024 is also a 50% increase. However, the values for 2023 and 2024 show no percentage change, remaining constant at Rs 250 per sq.ft.

Guideline values in Irunkattukottai_B

In the village of Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Venga Nagar's 2024 figure below this median.

• Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 400 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Venga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, resulting in Rs 17,500, while the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for stamp duty and registration fee would be Rs 22,500. 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 further calculations.

Which Sub Registrar Office covers Venga Nagar?

The Sub Registrar Office that covers Venga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Irunkattukottai_B. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Proper understanding of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Venga Nagar?

The current guideline value of Venga Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2023 revision, with a 50% increase from Rs 167 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for Venga Nagar?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Venga Nagar located?

The Sub Registrar Office for Venga Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value for streets in Irunkattukottai_B?

The median guideline value for streets in Irunkattukottai_B is Rs 400 per sq.ft, while Venga Nagar's guideline value is below this median at Rs 250 per sq.ft.