Guideline Value for Venkatesapuram 3rd Street Ward 15

Venkatesapuram 3rd Street Ward 15 guideline value

The current guideline value of Venkatesapuram 3rd Street Ward 15 is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village, under the Acchirapakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Venkatesapuram 3rd Street Ward 15 has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, representing a drop of 33%. The value increased significantly to Rs 300 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

From the 2017 to 2023 revision, there was a substantial increase of 124%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO, with guideline values in 2024 ranging from Rs 250 to Rs 600 per sq.ft. The median guideline value is Rs 400 per sq.ft, placing Venkatesapuram 3rd Street Ward 15 below that median.

• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 4th Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 1st Street Ward 14: Rs 300 per sq.ft (2024)
• Venkatesapuram 5th Street Ward 1: Rs 300 per sq.ft (2024)
• Venkatesapuram: Rs 400 per sq.ft (2024)
• Varada Reddiar Colony: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram 3rd Street Ward 15

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be 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, making the total charges Rs 27,000. Please 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 accurate calculations.

Which Sub Registrar Office covers Venkatesapuram 3rd Street Ward 15?

The Venkatesapuram 3rd Street Ward 15 falls under 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 when registering property transactions in Acharapakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process adheres to legal standards.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Venkatesapuram 3rd Street Ward 15?

The current guideline value of Venkatesapuram 3rd Street Ward 15 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2023 and 2024. The value has increased from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, an overall increase of 200%.

What is the land classification for Venkatesapuram 3rd Street Ward 15?

Venkatesapuram 3rd Street Ward 15 is classified as Residential Class I Type - II. This classification indicates the type of land use permitted in the area.

Where can I find the registration office for Venkatesapuram 3rd Street Ward 15?

The registration office for Venkatesapuram 3rd Street Ward 15 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Venkatesapuram 3rd Street Ward 15?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.