Guideline Value for Venkateshwara Colony 2nd Street

Venkateshwara Colony 2nd Street guideline value

The current guideline value of Venkateshwara Colony 2nd 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 2nd Street has changed

The guideline value for Venkateshwara Colony 2nd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which was a notable figure at that time. However, with the latest 2024 revision, the guideline value has increased to Rs 2,700 per sq.ft, marking a change of +61% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions that reflect the guideline value are from 2017 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which aligns with the guideline value of Venkateshwara Colony 2nd Street.

• Venkateshwara Colony 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that 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 2nd Street?

The Venkateshwara Colony 2nd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Venkateshwara Colony 2nd Street?

The current guideline value of Venkateshwara Colony 2nd 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, reflecting a change of +61%.

Are there any revisions for Venkateshwara Colony 2nd Street before 2017?

There are no available figures for the years 2023, 2012, 2007, 2003, and 2002 in the register for Venkateshwara Colony 2nd Street.

What is the stamp duty for property in Venkateshwara Colony 2nd Street?

The stamp duty for property in Venkateshwara Colony 2nd Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the appropriate link.