Guideline Value for Vengatachalapathi Street

Vengatachalapathi Street guideline value

The current guideline value of Vengatachalapathi Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Vengatachalapathi Street has changed

The guideline value for Vengatachalapathi Street has undergone several revisions since its last recorded figure in 2012. The 2012 revision set the value at Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and it has now reached Rs 1,001 per sq.ft in the 2024 revision, showing a change of +0% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%. The register has no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. Vengatachalapathi Street's current guideline value is below this median.

• Venkata Cross Street: Rs 1,001 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,002 per sq.ft (2024)
• Venkatraman Street: Rs 1,700 per sq.ft (2024)
• Varadhan Street: Rs 1,700 per sq.ft (2024)
• Vannar Street: Rs 1,000 per sq.ft (2024)
• Uthra Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Vengatachalapathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, together amounting to Rs 90,090. 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 further calculations.

Which Sub Registrar Office covers Vengatachalapathi Street?

The Sub Registrar Office that covers Vengatachalapathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vengatachalapathi Street?

The current guideline value of Vengatachalapathi Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What is the land classification of Vengatachalapathi Street?

Vengatachalapathi Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Vengatachalapathi Street?

The Sub Registrar Office for Vengatachalapathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.