Guideline Value for Venkateshwara Colony 1st Street

Venkateshwara Colony 1st Street guideline value

The current guideline value of Venkateshwara Colony 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Venkateshwara Colony 1st Street has changed

The guideline value for Venkateshwara Colony 1st Street has undergone several revisions. The oldest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. The most recent revision, effective from 1 July 2024, shows a significant increase to Rs 2,700 per sq.ft, marking a change of +61% from the 2017 figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which is the same as the 2024 figure for Venkateshwara Colony 1st Street.

• Venkateshwara Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 6th Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwara Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateshwara Colony 1st Street?

The Venkateshwara Colony 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is an essential factor during property registration in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps determine the official value of the property, which is necessary for legal and financial documentation. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Venkateshwara Colony 1st Street?

The current guideline value of Venkateshwara Colony 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft, which is a change of +61%.

Are there any years without a guideline value for this street?

Yes, the guideline value register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for Venkateshwara Colony 1st Street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is the same as the 2024 figure for Venkateshwara Colony 1st Street.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.