Guideline Value for Venkatasa Perumal Koil Street

Venkatasa Perumal Koil Street guideline value

The current guideline value of Venkatasa Perumal Koil 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 Street has changed

The guideline value for Venkatasa Perumal Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 247 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 500 per sq.ft in 2007, which was an increase of 84%. By 2012, the value was Rs 1,200 per sq.ft, reflecting a substantial increase of 140% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 804 per sq.ft, a decline of 33%. However, the subsequent revision in 2023 saw an increase to Rs 1,200 per sq.ft, followed by a further rise to 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%.

Guideline values in Mannurpet

In Mannurpet village, there are 38 streets under the Konnur SRO that carry a 2024 guideline value 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 equal to the 2024 figure for Venkatasa Perumal Koil Street.

• Venkatasa Perumal Koil First & Second Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil 3 & 4th Cross 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 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 information on calculating these fees.

Which Sub Registrar Office covers Venkatasa Perumal Koil Street?

The Sub Registrar Office that covers Venkatasa Perumal Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Mannurpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as it influences the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the agreed sale price, ensuring that the registration process reflects the property's value accurately.

Frequently asked questions

What is the current guideline value of Venkatasa Perumal Koil Street?

The current guideline value of Venkatasa Perumal Koil 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, reflecting an overall increase of 426% over the years.

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

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.

Which Sub Registrar Office covers this street?

The Konnur Sub Registrar Office covers Venkatasa Perumal Koil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Venkatasa Perumal Koil Street?

Venkatasa Perumal Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.