Guideline Value for Venkatesan Nagar

Venkatesan Nagar guideline value

The current guideline value of Venkatesan Nagar is Rs 1,320 per sq.ft. This area is located in Sekkadu village, under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Venkatesan Nagar has changed

The guideline value for Venkatesan Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained at Rs 1,200 per sq.ft until the 2023 revision, which increased it to Rs 1,200 per sq.ft, and then further revised it to Rs 1,320 per sq.ft in 2024, marking a 10% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Venkatesan Nagar.

• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vgn Bloom: Rs 2,680 per sq.ft (2024)
• Vijaya Nagar: Rs 1,320 per sq.ft (2024)
• Varadharaja Nagar: Rs 930 per sq.ft (2024)
• Varadhapuri Amman Koil Street: Rs 1,075 per sq.ft (2024)
• Viliyanjiyambakkam Road: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that 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 details.

Which Sub Registrar Office covers Venkatesan Nagar?

The Sub Registrar Office that covers Venkatesan Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor when registering property in Sekkadu. It is used to determine the stamp duty and registration fees that must be paid during the property transaction process.

When buying or selling property, the guideline value will be referenced to ensure that the appropriate fees are calculated based on the current rates. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Venkatesan Nagar?

The current guideline value of Venkatesan Nagar is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, an increase of 10%. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Venkatesan Nagar?

The land classification for Venkatesan Nagar is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Venkatesan Nagar?

The Sub Registrar Office for Venkatesan Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.