Guideline Value for Venkatesapuram 2nd Cross Street

Venkatesapuram 2nd Cross Street guideline value

The current guideline value of Venkatesapuram 2nd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Venkatesapuram 2nd Cross Street has changed

The guideline value for Venkatesapuram 2nd Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 257 per sq.ft, which increased to Rs 306 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by an increase to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The subsequent revision in 2023 saw the value rise to Rs 1,500 per sq.ft, and the latest revision in 2024 has set it at Rs 1,700 per sq.ft.

Notable changes between the revisions include a 49% increase from 2017 to 2023 and a 13% increase from 2023 to 2024. The largest increase occurred from 2002 to 2024, with an overall rise of 561%. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Venkatesapuram 2nd Cross Street's 2024 figure below that median.

• Venkatesapuram 2nd Street: Rs 1,700 per sq.ft (2024)
• Venkatesapuram 1st Street: Rs 1,700 per sq.ft (2024)
• Venkatesapuram 1st Cross Street: Rs 1,700 per sq.ft (2024)
• Venkatesapuram 3rd Street: Rs 1,700 per sq.ft (2024)
• Venkatesapuram 4th Street: Rs 1,700 per sq.ft (2024)
• Venkatesapuram 5th Cross Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Venkatesapuram 2nd Cross Street?

The Venkatesapuram 2nd Cross Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the property registration process in Kottivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of transactions. The guideline value serves as a benchmark for property transactions in the area, ensuring transparency in the registration process.

Frequently asked questions

What is the current guideline value of Venkatesapuram 2nd Cross Street?

The current guideline value of Venkatesapuram 2nd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 257 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 561% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, with Venkatesapuram 2nd Cross Street's 2024 value being below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for Venkatesapuram 2nd Cross Street?

The Adayar Sub Registrar Office handles the registration for Venkatesapuram 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.