Guideline Value for Vengada Subba Reddy Street

Vengada Subba Reddy Street guideline value

The current guideline value of Vengada Subba Reddy Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Vengada Subba Reddy Street has changed

The guideline value for Vengada Subba Reddy Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Vengada Subba Reddy Street is below this median.

• Vengateshwaran Street: Rs 1,600 per sq.ft (2024)
• Vanagaram Road (Prince Green Wood Apts): Rs 3,600 per sq.ft (2024)
• Vanagaram Road: Rs 3,601 per sq.ft (2024)
• Vaigai Street(ICF): Rs 2,400 per sq.ft (2024)
• Ulaippalar Kalyanasundaram Street: Rs 2,200 per sq.ft (2024)
• Udaiyarpalaiam: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vengada Subba Reddy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vengada Subba Reddy Street?

The Sub Registrar Office covering Vengada Subba Reddy Street is the Konnur Sub Registrar Office, located at 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 5. Athipattu

The guideline value is an important factor when registering a property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vengada Subba Reddy Street?

The current guideline value of Vengada Subba Reddy Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 59%, from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft.

What are the stamp duty and registration fees for properties in Vengada Subba Reddy Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Which office handles registrations for Vengada Subba Reddy Street?

The Konnur Sub Registrar Office handles registrations for Vengada Subba Reddy Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Are there other streets with different guideline values in 5. Athipattu?

Yes, there are other streets in 5. Athipattu with varying guideline values. The values range from Rs 1,100 to Rs 7,650 per sq.ft, with the median value being Rs 2,200 per sq.ft.