Guideline Value for Venkataswamy Puram Street 1 to 10

Venkataswamy Puram Street 1 to 10 guideline value

The current guideline value for Venkataswamy Puram Street 1 to 10 is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Venkataswamy Puram Street 1 to 10 has changed

The guideline value for Venkataswamy Puram Street 1 to 10 has seen several revisions over the years. The oldest recorded figure is from 2007, which was Rs 1,100 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 173% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. Following this, the value rose again to Rs 3,000 per sq.ft in 2023 and further increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% growth.

From 2017 to 2023, the increase was substantial at 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been a total increase of 200%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging 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 Venkataswamy Puram Street 1 to 10 below the median.

• Venkatasamy Puram puram: 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)
• West Arasamaram Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkataswamy Puram Street 1 to 10

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 cost for these 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.

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

Which Sub Registrar Office covers Venkataswamy Puram Street 1 to 10?

The Sub Registrar Office that covers Venkataswamy Puram Street 1 to 10 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Aminjikarai. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during property transactions. It is advisable to check the latest guideline values before proceeding with any real estate dealings.

Frequently asked questions

What is the current guideline value of Venkataswamy Puram Street 1 to 10?

The current guideline value of Venkataswamy Puram Street 1 to 10 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 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the registration office for Venkataswamy Puram Street 1 to 10?

The registration office for Venkataswamy Puram Street 1 to 10 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

What is the land classification for Venkataswamy Puram Street 1 to 10?

The land classification for Venkataswamy Puram Street 1 to 10 is Residential Class II Type - III.