Guideline Value for Venkatesapuram 5th Street Ward 1

Venkatesapuram 5th Street Ward 1 guideline value

The current guideline value of Venkatesapuram 5th Street Ward 1 is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Venkatesapuram 5th Street Ward 1 has changed

Over the years, the guideline value for Venkatesapuram 5th Street Ward 1 has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, there was a decrease to Rs 134 per sq.ft in the 2017 revision. The value remained unchanged at Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating a 0% change from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 200%.

The guideline value register has no figures for the years 2002 and 2003 for this street. The significant changes noted include a 124% increase from 2017 to 2023 and a 100% increase from 2007 to 2012.

Guideline values in Acharapakkam

Acharapakkam village has a total of 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 5th Street Ward 1 is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the 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. 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 5th Street Ward 1?

The Sub Registrar Office that covers Venkatesapuram 5th Street Ward 1 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 plays a crucial role in the registration process when buying or selling property in Acharapakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is important to note that the guideline value is set by the government and is based on various factors, including land classification and location. Buyers should be aware of the guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Venkatesapuram 5th Street Ward 1?

The current guideline value of Venkatesapuram 5th Street Ward 1 is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase of 200% from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, with notable changes in between.

What is the land classification for Venkatesapuram 5th Street Ward 1?

The land classification for Venkatesapuram 5th Street Ward 1 is Residential Class I Type - II.

Which Sub Registrar Office handles registrations for Venkatesapuram 5th Street Ward 1?

The Acchirapakkam Sub Registrar Office handles registrations for Venkatesapuram 5th Street Ward 1, located at No.70, Bazzar Street, Acchirapakkam-603301.

How is the stamp duty calculated for properties in Acharapakkam?

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