Guideline Value for Venkatasa Perumal Koil 3 & 4th Cross Street

Venkatasa Perumal Koil 3 & 4th Cross Street guideline value

The current guideline value of Venkatasa Perumal Koil 3 & 4th Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village, under the Konnur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Venkatasa Perumal Koil 3 & 4th Cross Street has changed

The guideline value for Venkatasa Perumal Koil 3 & 4th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, when it was Rs 247 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, a change of 84%. In 2012, the guideline value was Rs 1,200 per sq.ft, reflecting a substantial increase of 140% from the previous revision. However, this value decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024, which is an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 426%. It is important to note that there are no figures available for revisions in years other than those specified.

Guideline values in Mannurpet

Mannurpet village has a range of guideline values across its 38 streets under the Konnur SRO, with values ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is the same as the current guideline value for Venkatasa Perumal Koil 3 & 4th Cross Street.

• Venkatasa Perumal Koil First & Second Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Vengatasubburaya Street: Rs 1,100 per sq.ft (2024)
• Zion Street: Rs 1,100 per sq.ft (2024)
• Thiruveediamman Koil Street: Rs 1,700 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatasa Perumal Koil 3 & 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. 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 Venkatasa Perumal Koil 3 & 4th Cross Street?

The Venkatasa Perumal Koil 3 & 4th Cross Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Mannurpet. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction. This ensures that the fees are aligned with the current market conditions as reflected in the guideline values.

When a property is bought or sold, the guideline value helps in determining the legal value of the property for registration purposes. This value is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Venkatasa Perumal Koil 3 & 4th Cross Street?

The current guideline value of Venkatasa Perumal Koil 3 & 4th Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 247 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 426% over the years.

What is the stamp duty for property in this area?

The stamp duty for property in Venkatasa Perumal Koil 3 & 4th Cross Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Venkatasa Perumal Koil 3 & 4th Cross Street is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Venkatasa Perumal Koil 3 & 4th Cross Street?

Venkatasa Perumal Koil 3 & 4th Cross Street is classified under Residential Class II Type - I land classification.