Guideline Value for Venkatesan Nagar Annuxe

Venkatesan Nagar Annuxe guideline value

The current guideline value of Venkatesan Nagar Annuxe is Rs 3,190 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of Venkatesan Nagar Annuxe has changed

The guideline value for Venkatesan Nagar Annuxe has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, between 2012 and 2017, the value decreased to Rs 1,943 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 2,900 per sq.ft, and the latest 2024 revision increased it to Rs 3,190 per sq.ft, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 698%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value is Rs 3,520 per sq.ft, placing Venkatesan Nagar's 2024 figure below this median.

• Venkatesan Nagar: Rs 3,190 per sq.ft (2024)
• Venkateswara Nagar: Rs 3,190 per sq.ft (2024)
• Vasuki Nagar: Rs 3,520 per sq.ft (2024)
• Vignesh Nagar: Rs 3,190 per sq.ft (2024)
• V.N.P. Avenue: Rs 3,520 per sq.ft (2024)
• V.N.T. Avenue: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesan Nagar Annuxe

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, resulting in a total of Rs 2,87,100. 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 detailed calculations.

Which Sub Registrar Office covers Venkatesan Nagar Annuxe?

The Sub Registrar Office that covers Venkatesan Nagar Annuxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately in the government records, facilitating transparency in property dealings. Buyers and sellers should be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatesan Nagar Annuxe?

The current guideline value of Venkatesan Nagar Annuxe is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, marking an overall increase of 698% over the years.

What is the land classification for Venkatesan Nagar Annuxe?

Venkatesan Nagar Annuxe is classified as Residential Special Type - III.

Where can I find the registration office for Venkatesan Nagar Annuxe?

The registration office for Venkatesan Nagar Annuxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Venkatesan Nagar Annuxe?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 2,23,300 based on the current guideline value.