Guideline Value for Venkateshwara Nagar S.No.185/3.211,212,213

Venkateshwara Nagar S.No.185/3.211,212,213 guideline value

The current guideline value for Venkateshwara Nagar S.No.185/3.211,212,213 is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Venkateshwara Nagar S.No.185/3.211,212,213 has changed

The guideline value for Venkateshwara Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. It then increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, it decreased to Rs 804 per sq.ft in 2017, which was a 33% drop. The value continued to rise, reaching Rs 1,200 per sq.ft in 2023, and finally increasing to Rs 1,320 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 560%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Venkateshwara Nagar's 2024 figure below that median.

• Venkateshwara Road: Rs 1,320 per sq.ft (2024)
• Venkateshwarar Street: Rs 2,640 per sq.ft (2024)
• Venkateshwarar Street Extn: Rs 1,320 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,980 per sq.ft (2024)
• Venkateshwara Avenue and Extn: Rs 1,980 per sq.ft (2024)
• Venkatesh Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwara Nagar S.No.185/3.211,212,213

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Venkateshwara Nagar S.No.185/3.211,212,213?

The Sub Registrar Office that covers Venkateshwara Nagar S.No.185/3.211,212,213 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar S.No.185/3.211,212,213?

The current guideline value of Venkateshwara Nagar S.No.185/3.211,212,213 is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 560% over this period.

Which Sub Registrar Office covers Venkateshwara Nagar?

The Padappai Sub Registrar Office covers Venkateshwara Nagar S.No.185/3.211,212,213, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for this property?

The stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Are there other streets in Perungalathur with different guideline values?

Yes, there are other streets in Perungalathur with varying guideline values, ranging from Rs 1,320 to Rs 5,500 per sq.ft, with the median being Rs 2,310 per sq.ft.