Guideline Value for Venkatachalapathy Street Ist Lane

Venkatachalapathy Street Ist Lane guideline value

The current guideline value for Venkatachalapathy Street Ist Lane is Rs 3,900 per sq.ft. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Venkatachalapathy Street Ist Lane has changed

The guideline value register shows no figures for Venkatachalapathy Street Ist Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision, effective from 1 July 2024, sets the guideline value at Rs 3,900 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the first recorded figure for this street in the guideline value register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value range from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Venkatachalapathy Street Ist Lane's 2024 figure below that median.

• Venkatachalapathy Street IInd Lane: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy street: 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 Ist Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatachalapathy Street Ist Lane?

The Sub Registrar Office covering Venkatachalapathy Street Ist 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 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 that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

There have been no recorded figures for Venkatachalapathy Street Ist Lane in the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first figure recorded for this street.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, which is higher than the current value for Venkatachalapathy Street Ist Lane.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total cost would be Rs 3,51,000.

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

The Sub Registrar Office for Venkatachalapathy Street Ist Lane is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more information about your SRO through the provided link.