Guideline Value for Venkateshwara Nagar

Venkateshwara Nagar guideline value

The current guideline value of Venkateshwara Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Agaram Male village and falls under the Poonamallee SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Venkateshwara Nagar has changed

Looking at the historical revisions, the guideline value for Venkateshwara Nagar was Rs 700 per sq.ft in 2023, which marked an increase from Rs 469 per sq.ft in 2017. The revision from 2012 to 2017 saw a decrease of 33%, as the value was Rs 700 per sq.ft in 2012. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2023 to 2024, the guideline value increased by 10%, bringing it to the current rate of Rs 770 per sq.ft. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value, reflecting the changes in the area over the years.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,800 per sq.ft, with the median value being Rs 770 per sq.ft. Venkateshwara Nagar's 2024 figure is equal to this median.

• Unicon Avenue: Rs 1,650 per sq.ft (2024)
• Sri Ambal City: Rs 770 per sq.ft (2024)
• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)
• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Saranya Nagar: Rs 770 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateshwara Nagar?

The Sub Registrar Office that covers Venkateshwara Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is an important factor when registering property transactions in Agaram Male. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it affects the total costs involved in the transaction. It is crucial to consult the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar?

The current guideline value of Venkateshwara Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 10%.

What are the other streets with guideline values in Agaram Male?

Other streets in Agaram Male include Unicon Avenue, Sri Ambal City, Shree Vari Nagar, Sarathambal Nagar, Saranya Nagar, and Santhammal Nagar, with values ranging from Rs 770 to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Venkateshwara Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300 based on the current guideline value.

Which office handles registrations for Venkateshwara Nagar?

The Poonamallee Sub Registrar Office handles registrations for Venkateshwara Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.