Guideline Value for Venkatachala Acahri street

Venkatachala Acahri street guideline value

The current guideline value of Venkatachala Acahri street is Rs 3,900 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Venkatachala Acahri street has changed

In the 2007 revision, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value dropped to Rs 2,412 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 3,600 per sq.ft in the 2023 revision, which is a 49% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, an increase of 8% from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 225%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that Venkatachala Acahri street's current value is below this median.

• Vengu Pillai street: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy street: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street IInd Lane: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street Ist Lane: Rs 3,900 per sq.ft (2024)
• Vembuli amman koil garden(or) street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatachala Acahri street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total fees Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatachala Acahri street?

The Sub Registrar Office that covers Venkatachala Acahri street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Venkatachala Acahri street?

The current guideline value of Venkatachala Acahri street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, which is a total increase of 225% over the years.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 3,900 per sq.ft in 2024 include Vengu Pillai street, Venkatachalapathy street, and various lanes of Venkatachalapathy street.

What is the registration fee for property in Venkatachala Acahri street?

The registration fee for property is calculated based on the guideline value. For example, for a property valued at Rs 39,00,000, the registration fee would be Rs 78,000 at 2%.

Where can I find more information about the Sub Registrar Office?

The Periamet Sub Registrar Office covers Venkatachala Acahri street, and you can find more information about it at their office located at 1103, Poonamallee High Road, Chennai-600 003.