Guideline Value for Venkatapuri

Venkatapuri guideline value

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

How the guideline value of Venkatapuri has changed

The guideline value for Venkatapuri has remained stable at Rs 250 per sq.ft since the 2023 revision, which also had the same figure. Prior to that, in the 2017 revision, the guideline value was Rs 167 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and overall, from 2017 to 2024, there has been a 50% increase as well. The current rate of Rs 250 per sq.ft is unchanged from the previous year, indicating stability in the guideline value.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 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 275 per sq.ft. Venkatapuri's 2024 figure is below this median.

• 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 rate of Rs 250 per sq.ft, the 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, making a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatapuri?

The Sub Registrar Office that covers Venkatapuri is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial figure used during the registration of property transactions in Katrampakkam B. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at an official value set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should consider this value when negotiating sale prices to ensure compliance with local regulations.

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 for Venkatapuri has remained at Rs 250 per sq.ft since 2023. It was previously Rs 167 per sq.ft in 2017, reflecting a 50% increase over that period.

What are the other streets in Katrampakkam B with similar guideline values?

Other streets in Katrampakkam B with a guideline value of Rs 250 per sq.ft include Venugopal Nagar, Vetrivel Nagar, Vettri Nagar, Yadhava Street, and Thiruvalluvar Nagar. Vinayagar Koil Street has a slightly higher rate of Rs 300 per sq.ft.

What is the stamp duty on property in Venkatapuri?

The stamp duty on property in Venkatapuri is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

Where can I find the Sub Registrar Office for Venkatapuri?

The Sub Registrar Office for Venkatapuri is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the official site.