Guideline Value for Venkatachalapathi Nagar
₹400/sq.ft.
The guideline value for Venkatachalapathi Nagar in Valarpuram village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Valarpuram
Village
Sriperumpudur
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹400 /sq.ft. |
| From 1-4-2023 | ₹400 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹268 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹400 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹100 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Venkatachalapathi Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Venkatachalapathi Nagar guideline value
The current guideline value of Venkatachalapathi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.
How the guideline value of Venkatachalapathi Nagar has changed
Over the years, the guideline value for Venkatachalapathi Nagar has undergone several revisions. The earliest recorded figure is from 2007, when the value was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, reflecting a 300% rise. However, it then decreased to Rs 268 per sq.ft in 2017, marking a 33% drop. The value remained at Rs 400 per sq.ft in 2023 and has not changed in the latest revision to 2024, maintaining the same rate.
From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that there are no recorded figures for Venkatachalapathi Nagar in the years 2002 and 2003.
Guideline values in Valarpuram
In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Venkatachalapathi Nagar's 2024 figure above that median.
- Vasuki Nagar: Rs 300 per sq.ft (2024)
- Varatharajan Nagar: Rs 400 per sq.ft (2024)
- Valar Nagar: Rs 200 per sq.ft (2024)
- Vaishnavi Farms: Rs 200 per sq.ft (2024)
- Vaikuntham Nagar: Rs 200 per sq.ft (2024)
- V.K.S Avenue: Rs 469 per sq.ft (2024)
Stamp duty and registration fee for property in Venkatachalapathi Nagar
For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 detailed calculations.
Which Sub Registrar Office covers Venkatachalapathi Nagar?
The Sub Registrar Office that covers Venkatachalapathi Nagar 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 Valarpuram
The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.
When a property is registered, the higher of the guideline value and the actual sale price is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Venkatachalapathi Nagar?
The current guideline value of Venkatachalapathi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
From 2007 to 2012, the guideline value increased from Rs 100 to Rs 400 per sq.ft. It then decreased to Rs 268 per sq.ft in 2017, remained at Rs 400 per sq.ft in 2023, and has not changed in the 2024 revision.
What are the other streets in Valarpuram and their guideline values?
Other streets in Valarpuram include Vasuki Nagar at Rs 300 per sq.ft, Varatharajan Nagar at Rs 400 per sq.ft, and Valar Nagar, Vaishnavi Farms, and Vaikuntham Nagar all at Rs 200 per sq.ft. V.K.S Avenue is at Rs 469 per sq.ft.
What are the stamp duty and registration fees for properties in Venkatachalapathi Nagar?
The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.
Where can I find the Sub Registrar Office for Venkatachalapathi Nagar?
The Sub Registrar Office for Venkatachalapathi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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