Guideline Value for Venkatasamy Maistry Street

Venkatasamy Maistry Street guideline value

The current guideline value of Venkatasamy Maistry Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venkatasamy Maistry Street has changed

The guideline value for Venkatasamy Maistry Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 300%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Venkatasamy Maistry Street's 2024 guideline value below this median.

• Venkatesa Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Venkatesapuram colony 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony Angadi Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony Extension: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony Ist Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatasamy Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatasamy Maistry Street?

The Sub Registrar Office that covers Venkatasamy Maistry Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees payable to the government, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Venkatasamy Maistry Street?

The current guideline value of Venkatasamy Maistry Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the land classification for Venkatasamy Maistry Street?

The land classification for Venkatasamy Maistry Street is Residential Class II Type - I.

Where can I find more information about other streets in Ayanavaram?

Information about other streets in Ayanavaram can be found in the guideline value section, which lists various streets along with their current guideline values.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost would be Rs 3,96,000.