Guideline Value for Venkateshwara Nagar (Extn)

Venkateshwara Nagar (Extn) guideline value

The current guideline value of Venkateshwara Nagar (Extn) is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Mixed Special Type - I. The relevant Sub Registrar Office for this locality is Gooduvancheri SRO.

How the guideline value of Venkateshwara Nagar (Extn) has changed

Looking at the revisions, the guideline value for Venkateshwara Nagar (Extn) was Rs 2,000 per sq.ft in the 2012 revision, which remained the same in the 2023 revision. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, marking a decrease of 33% from the 2012 figure. The latest revision in 2023 shows a significant increase of 49% from the 2017 revision.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 2,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Venkateshwara Nagar (Extn) is one of the streets in this locality, and there are no other streets in Urapakkam listed under Gooduvancheri SRO.

Stamp duty and registration fee for property in Venkateshwara Nagar (Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total charges to Rs 1,80,000. 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 precise calculations.

Which Sub Registrar Office covers Venkateshwara Nagar (Extn)?

The Sub Registrar Office that covers Venkateshwara Nagar (Extn) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Urapakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the costs associated with property transactions. Ensuring that you are aware of the current guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar (Extn)?

The current guideline value of Venkateshwara Nagar (Extn) is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, a drop of 33%. It then increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers this area?

The Gooduvancheri Sub Registrar Office covers Venkateshwara Nagar (Extn), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets listed under Urapakkam?

Currently, there are no other streets listed under Urapakkam in the Gooduvancheri SRO. Venkateshwara Nagar (Extn) is the only street mentioned.