Guideline Value for Venkatesapuram

Venkatesapuram guideline value

The current guideline value of Venkatesapuram is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Mixed Special Type - I land.

How the guideline value of Venkatesapuram has changed

The guideline value for Venkatesapuram has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 264% increase. However, the 2017 revision saw a decrease to Rs 1,340 per sq.ft, a drop of 33% from the previous revision. The most recent 2023 revision brought the value back up to Rs 2,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 264%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. The guideline value for Venkatesapuram is Rs 2,000 per sq.ft, as mentioned earlier.

Stamp duty and registration fee for property in Venkatesapuram

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatesapuram?

The Sub Registrar Office that covers Venkatesapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers must consider this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Venkatesapuram?

The current guideline value of Venkatesapuram is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and finally returned to Rs 2,000 per sq.ft in 2023.

What is the registration office for Venkatesapuram?

The registration office for Venkatesapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Venkatesapuram?

Stamp duty in Venkatesapuram is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,40,000.

Are there other streets in Vandalur with guideline values?

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO.