Guideline Value for Venkateswara Avenue

Venkateswara Avenue guideline value

The current guideline value of Venkateswara Avenue is Rs 2,000 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Mixed Special Type - I.

How the guideline value of Venkateswara Avenue has changed

Looking at the historical revisions, the guideline value for Venkateswara Avenue has undergone several changes. In the 2007 revision, the value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 567%. However, from 2012 to 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 2,000 per sq.ft, representing a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 567%.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Venkateswara Avenue is part of the Gooduvancheri SRO, which oversees the registration of properties in this area.

Stamp duty and registration fee for property in Venkateswara Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be 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, bringing the total charges to Rs 1,80,000. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers Venkateswara Avenue?

The Gooduvancheri Sub Registrar Office covers Venkateswara Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It is used to determine the stamp duty and registration fees applicable for the transaction, ensuring that both parties are aware of the financial implications involved.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the duty will still be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Venkateswara Avenue?

The current guideline value of Venkateswara Avenue 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 changed from Rs 300 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023.

What are the stamp duty and registration fees for Venkateswara Avenue?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 20,00,000. The stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which office handles registrations for Venkateswara Avenue?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Venkateswara Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register (TNReginet), which is revised periodically to reflect changes in property values in the area.