Guideline Value for Venkatachalam Nagar Extn

Venkatachalam Nagar Extn guideline value

The current guideline value of Venkatachalam Nagar Extn is Rs 250 per sq.ft. This area is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Venkatachalam Nagar Extn has changed

The guideline value for Venkatachalam Nagar Extn has seen several revisions over the years. The most recent revision took place in 2024, setting the guideline value at Rs 250 per sq.ft. Prior to this, the 2023 revision had the value at Rs 300 per sq.ft, marking a decrease of 17% from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has decreased from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024. The absence of figures for earlier years indicates that there has not been a consistent record of guideline values for Venkatachalam Nagar Extn.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current value of Venkatachalam Nagar Extn.

• Venkatachalam Nagar: Rs 250 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• Va.Voo.Si Street: Rs 200 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatachalam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatachalam Nagar Extn?

The Sub Registrar Office that covers Venkatachalam Nagar Extn 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 Nemili_B

The guideline value is a critical factor in property transactions in Nemili_B, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price, and the registration office uses it to assess the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatachalam Nagar Extn?

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

How much has the guideline value changed recently?

Recently, the guideline value changed from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, reflecting a decrease of 17%.

What is the land classification of Venkatachalam Nagar Extn?

Venkatachalam Nagar Extn is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Venkatachalam Nagar Extn?

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

How is the stamp duty calculated for properties in Venkatachalam Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 17,500.