Guideline Value for Venkata swami 4th cross Street"

Venkata swami 4th cross Street guideline value

The current guideline value of Venkata swami 4th cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Venkata swami 4th cross Street has changed

The guideline value for Venkata swami 4th cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 1,650 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value saw a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Venkata swami 4th cross Street.

• Venkata swami 3rd cross Street: Rs 1,650 per sq.ft (2024)
• Venkata swami 5th cross Street: Rs 1,650 per sq.ft (2024)
• Venkataswami 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Venkata swami Street: Rs 1,320 per sq.ft (2024)
• Venkataswami 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Venkatesan Cross St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Venkata swami 4th cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkata swami 4th cross Street?

The Sub Registrar Office that covers Venkata swami 4th cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Peerklankaranai, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value set by the registration department, ensuring that all transactions are standardized and transparent.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Understanding the guideline value helps in making informed decisions regarding property purchases and sales in the area.

Frequently asked questions

What is the current guideline value of Venkata swami 4th cross Street?

The current guideline value of Venkata swami 4th cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Venkata swami 4th cross Street?

The land classification for Venkata swami 4th cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Venkata swami 4th cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Venkata swami 4th cross Street?

Stamp duty for properties in Venkata swami 4th cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.