Guideline Value for Venkatesapuram colony Angadi Street

Venkatesapuram colony Angadi Street guideline value

The current guideline value of Venkatesapuram colony Angadi Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Venkatesapuram colony Angadi Street has changed

The guideline value for Venkatesapuram colony Angadi Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 2,400 per sq.ft. This figure increased to Rs 4,500 per sq.ft in 2012, marking an increase of 88%. However, the value then dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value rose significantly to Rs 4,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 104%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value for Venkatesapuram colony Angadi Street.

• Venkatesapuram colony 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony Extension: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony Ist Cross Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony North Street: Rs 4,900 per sq.ft (2024)
• Venkatesapuram colony South Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesapuram colony Angadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, the total cost for stamp duty and registration fee would be Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatesapuram colony Angadi Street?

The Sub Registrar Office that covers Venkatesapuram colony Angadi Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be sold, ensuring that transactions are conducted at fair values as per government regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Venkatesapuram colony Angadi Street?

The current guideline value of Venkatesapuram colony Angadi Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 104% over the years.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Which office handles property registrations in Ayanavaram?

The AnnaNagar Sub Registrar Office handles property registrations in Ayanavaram, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Venkatesapuram colony Angadi Street?

The land classification for Venkatesapuram colony Angadi Street is Residential Class I Type - III, indicating its suitability for residential purposes.