Guideline Value for Venkatesapuram 1st Street Ward 14

Venkatesapuram 1st Street Ward 14 guideline value

The current guideline value for Venkatesapuram 1st Street Ward 14 is Rs 300 per sq.ft. This property is located in Acharapakkam village, under the Acchirapakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Venkatesapuram 1st Street Ward 14 has changed

The guideline value for Venkatesapuram 1st Street Ward 14 has undergone several revisions over the years. The earliest available figure is from 2007, when the value was Rs 100 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a 100% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 134 per sq.ft. The value then saw a significant increase of 124% to Rs 300 per sq.ft in 2023, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Acharapakkam

In Acharapakkam, there are 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Venkatesapuram 1st Street Ward 14 is below this median.

• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 3rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram: Rs 400 per sq.ft (2024)
• Venkatesapuram 4th Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 5th Street Ward 1: Rs 300 per sq.ft (2024)
• Varada Reddiar Colony: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram 1st Street Ward 14

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatesapuram 1st Street Ward 14?

The Sub Registrar Office that covers Venkatesapuram 1st Street Ward 14 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Acharapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value for Venkatesapuram 1st Street Ward 14?

The current guideline value for Venkatesapuram 1st Street Ward 14 is Rs 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 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, representing an overall increase of 200% over the years.

What are the other streets in Acharapakkam with similar guideline values?

Other streets in Acharapakkam with similar guideline values include Venkatesapuram 2rd Street Ward 15, Venkatesapuram 3rd Street Ward 15, Venkatesapuram 4th Street Ward 15, and Venkatesapuram 5th Street Ward 1, all at Rs 300 per sq.ft in 2024.

How is the stamp duty calculated for properties in Venkatesapuram 1st Street Ward 14?

Stamp duty for properties in Venkatesapuram 1st Street Ward 14 is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Venkatesapuram 1st Street Ward 14?

The Sub Registrar Office for Venkatesapuram 1st Street Ward 14 is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find more details online.