Guideline Value for Venkateshwara Colony 3rd Street

Venkateshwara Colony 3rd Street guideline value

The current guideline value of Venkateshwara Colony 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkateshwara Colony 3rd Street has changed

The guideline value for Venkateshwara Colony 3rd Street has undergone several revisions. The oldest recorded revision is from 2017, where the value was Rs 1,675 per sq.ft. The most recent revision in 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 revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only figures relevant to the guideline value of Venkateshwara Colony 3rd Street are from 2017 and 2024.

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 value is Rs 2,700 per sq.ft, which is equal to the guideline value for Venkateshwara Colony 3rd Street.

• Venkateshwara Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Venkateshwara Colony 1st 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 3rd 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, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to 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 your convenience.

Which Sub Registrar Office covers Venkateshwara Colony 3rd Street?

The Venkateshwara Colony 3rd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must refer to the guideline value to understand the costs involved in the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount in duties and fees during the transaction.

Frequently asked questions

What is the current guideline value of Venkateshwara Colony 3rd Street?

The current guideline value of Venkateshwara Colony 3rd 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 revisions for Venkateshwara Colony 3rd Street in the years 2023, 2012, 2007, 2003, and 2002?

The register has no figures for Venkateshwara Colony 3rd Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Venkateshwara Colony 3rd Street?

Venkateshwara Colony 3rd Street is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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