Guideline Value for Venkatapuri

Venkatapuri guideline value

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

How the guideline value of Venkatapuri has changed

The guideline value for Venkatapuri has seen several revisions over the years. In the 2007 revision, the value was Rs 60 per sq.ft, which significantly increased to Rs 250 per sq.ft in the 2012 revision, marking a 317% rise. However, from 2012 to 2017, the value decreased to Rs 167 per sq.ft, a reduction of 33%. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision. The current guideline value remains unchanged at Rs 250 per sq.ft from the 2023 to the 2024 revision, reflecting a 0% change.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 317%.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. Venkatapuri's guideline value aligns with this median at Rs 250 per sq.ft.

• Venugopal Nagar: Rs 250 per sq.ft (2024)
• Vetrivel Nagar: Rs 250 per sq.ft (2024)
• Vettri Nagar: Rs 250 per sq.ft (2024)
• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• Yadhava Street: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatapuri

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

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

Which Sub Registrar Office covers Venkatapuri?

Venkatapuri falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Katrampakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatapuri?

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 60 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, followed by a decrease to Rs 167 per sq.ft in 2017, and remaining at Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Venkatapuri?

Venkatapuri is classified as Residential Class III Type - I, indicating its suitability for residential development.

Which Sub Registrar Office covers Venkatapuri?

Venkatapuri is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Venkatapuri?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,50,000, the stamp duty would amount to Rs 17,500.