Guideline Value for Venkatasa Perumal Koil First & Second Cross Street

Venkatasa Perumal Koil First & Second Cross Street guideline value

The current guideline value of Venkatasa Perumal Koil First & Second 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 is classified as Residential Class II Type - I.

How the guideline value of Venkatasa Perumal Koil First & Second Cross Street has changed

The guideline value for Venkatasa Perumal Koil First & Second Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained at Rs 1,200 per sq.ft until the 2023 revision, which increased it to Rs 1,200 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannurpet

Mannurpet village has a total of 38 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current value of Venkatasa Perumal Koil First & Second Cross Street.

• Venkatasa Perumal Koil 3 & 4th 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 First & Second 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, bringing the total fees to Rs 1,17,000. It is important to note that the 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 Venkatasa Perumal Koil First & Second Cross Street?

The Sub Registrar Office that covers Venkatasa Perumal Koil First & Second Cross Street is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannurpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkatasa Perumal Koil First & Second Cross Street?

The current guideline value of Venkatasa Perumal Koil First & Second 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 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Venkatasa Perumal Koil First & Second Cross Street?

Venkatasa Perumal Koil First & Second Cross Street is classified as Residential Class II Type - I according to the Konnur SRO guidelines.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Venkatasa Perumal Koil First & Second Cross Street?

The Konnur Sub Registrar Office handles registrations for Venkatasa Perumal Koil First & Second Cross Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.