Guideline Value for Venkatarathinam 4th Cross Street

Venkatarathinam 4th Cross Street guideline value

The current guideline value of Venkatarathinam 4th 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, classified as Residential Special Type - I.

How the guideline value of Venkatarathinam 4th Cross Street has changed

The guideline value for Venkatarathinam 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which then dropped to Rs 5,695 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 8,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 9,400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was significant at 49%. The guideline value then saw an increase of 11% from 2023 to 2024, resulting in an overall increase of 11% from 2012 to 2024.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with values varying from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 9,400 per sq.ft, which is equal to the current value for Venkatarathinam 4th Cross Street.

• Venkatarathinam 3rd Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 5th Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 2nd Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 6th Cross Street: Rs 9,400 per sq.ft (2024)
• Venkatarathinam 1st 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 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total 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, bringing the total to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Venkatarathinam 4th Cross Street?

The Venkatarathinam 4th Cross Street is covered by 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 crucial factor during the registration of property transactions in Pallipattu. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the overall transaction costs. Buyers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Venkatarathinam 4th Cross Street?

The current guideline value for Venkatarathinam 4th 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 changes, with the most recent increase of 11% from the 2023 revision of Rs 8,500 per sq.ft to the 2024 revision of Rs 9,400 per sq.ft.

What is the land classification for Venkatarathinam 4th Cross Street?

Venkatarathinam 4th Cross Street is classified as Residential Special Type - I under the Adayar SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office that covers Venkatarathinam 4th 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 94,00,000, the stamp duty would be calculated at 7% of that amount.