Guideline Value for Venkatachalapathy Street IIIrd Lane

Venkatachalapathy Street IIIrd Lane guideline value

The current guideline value of Venkatachalapathy Street IIIrd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. 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 Venkatachalapathy Street IIIrd Lane has changed

The guideline value register for Venkatachalapathy Street IIIrd Lane shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has set the guideline value at Rs 3,900 per sq.ft.

Since there are no figures available for the previous years, we can only note that the 2024 revision represents the first recorded guideline value for this street. There have been no changes between the revisions above.

Guideline values in Egmore

In Egmore village, 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, with a median value of Rs 7,100 per sq.ft. Venkatachalapathy Street IIIrd Lane's 2024 figure is below this median.

• Venkatachalapathy street: 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)
• Venkatachala Acahri street: Rs 3,900 per sq.ft (2024)
• Vengu Pillai street: Rs 3,900 per sq.ft (2024)
• Venkatasamy Naidu street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatachalapathy Street IIIrd Lane

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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkatachalapathy Street IIIrd Lane?

The Sub Registrar Office that covers Venkatachalapathy Street IIIrd Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Egmore. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the sale based on the established guideline value.

Frequently asked questions

What is the current guideline value of Venkatachalapathy Street IIIrd Lane?

The current guideline value of Venkatachalapathy Street IIIrd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

What is the land classification for Venkatachalapathy Street IIIrd Lane?

Venkatachalapathy Street IIIrd Lane is classified as Residential Class III Type - I.

How many streets in Egmore have a guideline value for 2024?

There are 465 streets in Egmore under the Periamet SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, while Venkatachalapathy Street IIIrd Lane's value is below this median.

Where can I find the Sub Registrar Office for Venkatachalapathy Street IIIrd Lane?

The Sub Registrar Office for Venkatachalapathy Street IIIrd Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.