Guideline Value for Venkatesapuram 4th Street Ward 15

Venkatesapuram 4th Street Ward 15 guideline value

The current guideline value of Venkatesapuram 4th Street Ward 15 is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village and falls under the Acchirapakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Venkatesapuram 4th 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% rise. However, the value dropped to Rs 134 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision, showing a 0% change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 200%, reaching the current rate of Rs 300 per sq.ft. The substantial increase of 124% from 2017 to 2023 highlights the significant changes over the years.

Guideline values in Acharapakkam

Acharapakkam has 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, placing Venkatesapuram 4th Street Ward 15 below this median.

• Venkatesapuram 3rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 5th Street Ward 1: Rs 300 per sq.ft (2024)
• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 1st Street Ward 14: 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 4th Street Ward 15

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value totals 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, bringing the total to Rs 27,000. 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 Venkatesapuram 4th Street Ward 15?

The Sub Registrar Office covering Venkatesapuram 4th Street Ward 15 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 during property transactions in Acharapakkam, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that must be paid at the time of the sale.

When buying or selling property, it is essential to consider the guideline value to ensure compliance with local regulations. This value helps in avoiding disputes during the registration process and ensures that the transaction is conducted smoothly.

Frequently asked questions

What is the current guideline value for Venkatesapuram 4th Street Ward 15?

The current guideline value for Venkatesapuram 4th 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 changes, starting from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, marking an overall increase of 200% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registration for Venkatesapuram 4th Street Ward 15?

The Acchirapakkam Sub Registrar Office handles property registration for Venkatesapuram 4th Street Ward 15, located at No.70, Bazzar Street, Acchirapakkam-603301.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees payable during a transaction.