Guideline Value for Venkatarathinam 3rd Cross Street

Venkatarathinam 3rd Cross Street guideline value

The current guideline value of Venkatarathinam 3rd Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - I.

How the guideline value of Venkatarathinam 3rd Cross Street has changed

In the 2012 revision, the guideline value was Rs 8,500 per sq.ft. This decreased to Rs 5,695 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 8,500 per sq.ft, which is a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 9,400 per sq.ft, reflecting an 11% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for Venkatarathinam 3rd Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value among these streets in 2024 is Rs 9,400 per sq.ft, which is the same as the guideline value for Venkatarathinam 3rd Cross Street.

• Venkatarathinam 2nd Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 4th Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 1st Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 5th Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 6th Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 7th Cross Street: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatarathinam 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 9,400 per sq.ft, the guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, totaling Rs 8,46,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatarathinam 3rd Cross Street?

The Sub Registrar Office that covers Venkatarathinam 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a key factor in determining the stamp duty and registration fees when buying or selling property in Pallipattu. It serves as a benchmark for the valuation of properties and is used by the registration authorities to assess the applicable charges.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Venkatarathinam 3rd Cross Street?

The current guideline value of Venkatarathinam 3rd Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 8,500 per sq.ft in 2012, decreasing to Rs 5,695 per sq.ft in 2017, and then increasing to Rs 8,500 per sq.ft in 2023, before reaching Rs 9,400 per sq.ft in 2024.

What is the land classification for Venkatarathinam 3rd Cross Street?

Venkatarathinam 3rd Cross Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and usage regulations applicable to the area.

Where can I find the registration office for Venkatarathinam 3rd Cross Street?

The registration office for Venkatarathinam 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Pallipattu?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 94,00,000, the stamp duty would be calculated accordingly.