Guideline Value for Venkataraman Street

Venkataraman Street guideline value

The current guideline value of Venkataraman Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkataraman Street has changed

Over the years, the guideline value of Venkataraman Street has seen significant changes. The 2003 revision recorded a value of Rs 312 per sq.ft, which increased to Rs 810 per sq.ft in 2007, marking a change of +160%. This was followed by a substantial increase to Rs 1,474 per sq.ft in 2017, reflecting an increase of +82%. The next revision in 2023 set the value at Rs 2,200 per sq.ft, a rise of +49% from the previous figure.

The most recent revision in 2024 has further increased the guideline value to Rs 2,420 per sq.ft, which is a +10% change from the 2023 figure. It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, which is equal to the current guideline value of Venkataraman Street.

• Venkatesan Street: Rs 2,200 per sq.ft (2024)
• Vembuli Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Vembuliamman Koil 4th Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 3rd Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 1st Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkataraman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees to Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkataraman Street?

The Sub Registrar Office that covers Venkataraman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Thiruneermalai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This ensures that all parties involved are informed of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Venkataraman Street?

The current guideline value of Venkataraman Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of +676% over the years.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000, with a stamp duty of Rs 1,69,400 and a registration fee of Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Venkataraman Street?

The Pammal Sub Registrar Office covers Venkataraman Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there any years with no guideline value for Venkataraman Street?

Yes, there are no figures available for Venkataraman Street in the years 2002 and 2012.