Guideline Value for Venkatasamy Puram puram

Venkatasamy Puram puram guideline value

The current guideline value of Venkatasamy Puram puram is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO and is classified as Residential Class II Type - III.

How the guideline value of Venkatasamy Puram puram has changed

The guideline value for Venkatasamy Puram puram has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Aminjikarai

Aminjikarai village has a range of guideline values across its 99 streets under the AnnaNagar SRO, with figures varying from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Venkatasamy Puram puram below this median.

• Venkataswamy Puram Street 1 to 10: Rs 3,300 per sq.ft (2024)
• Vellalar Street: Rs 5,500 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 4,400 per sq.ft (2024)
• Vinai Theertha Vinayagar Street: Rs 4,400 per sq.ft (2024)
• V.S. Puram: Rs 3,300 per sq.ft (2024)
• T.P. Chathiram West Side 7th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatasamy Puram puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkatasamy Puram puram?

The Sub Registrar Office that covers Venkatasamy Puram puram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Aminjikarai. It is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller comply with the legal requirements during the registration process.

When a property is sold, the guideline value is considered to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Venkatasamy Puram puram?

The current guideline value of Venkatasamy Puram puram is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, indicating a 49% increase from that year to 2023.

What is the classification of land in Venkatasamy Puram puram?

Venkatasamy Puram puram is classified as Residential Class II Type - III, indicating its residential use within the area.

What are the stamp duty rates applicable in Venkatasamy Puram puram?

The stamp duty rate for properties in Venkatasamy Puram puram is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.