Guideline Value for Venkatachalam Nagar

Venkatachalam Nagar guideline value

The current guideline value of Venkatachalam Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Venkatachalam Nagar has changed

The guideline value for Venkatachalam Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 300 per sq.ft, which was then reduced by 17% to Rs 250 per sq.ft in the 2024 revision.

In summary, the guideline value for Venkatachalam Nagar has decreased from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024. This change reflects a downward adjustment in the guideline value as per the latest revision.

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 value is Rs 250 per sq.ft, making Venkatachalam Nagar's 2024 figure equal to this median.

• Venkatachalam Nagar Extn: 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

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 or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Venkatachalam Nagar?

The Sub Registrar Office that covers Venkatachalam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nemili_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Venkatachalam Nagar?

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

How has the guideline value changed over the years?

The guideline value has decreased from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Venkatachalam Nagar?

Venkatachalam Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. These fees are essential when registering a property transaction.

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

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