Guideline Value for Venkateshawara Nagar 100ft Road

Venkateshawara Nagar 100ft Road guideline value

The current guideline value of Venkateshawara Nagar 100ft Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Venkateshawara Nagar 100ft Road has changed

The guideline value has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 12,000 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 12,000 per sq.ft from the 2012 revision until 2023. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value increased by 10%. This consistent rise in value highlights the significance of Venkateshawara Nagar 100ft Road within the Velachery area.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, making Venkateshawara Nagar 100ft Road's 2024 figure significantly above this median.

• Venkateshawara Nagar Vaduvambal Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Venkateshawara Nagar Vaduvambal Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Venkatesan Street: Rs 4,400 per sq.ft (2024)
• Venkateshwara Nagar 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Venkateshwara Nagar 1st Lane: Rs 3,850 per sq.ft (2024)
• Venkateshawara Nagar 1st Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshawara Nagar 100ft Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateshawara Nagar 100ft Road?

The Venkateshawara Nagar 100ft Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded accurately and transparently.

When purchasing or selling property, the guideline value is essential for calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Venkateshawara Nagar 100ft Road?

The current guideline value of Venkateshawara Nagar 100ft Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, marking a 10% increase. The value remained unchanged at Rs 12,000 per sq.ft from 2012 to 2023.

What is the land classification for Venkateshawara Nagar 100ft Road?

The land classification for Venkateshawara Nagar 100ft Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,32,00,000 would incur a stamp duty of Rs 9,24,000 at a rate of 7%.