Guideline Value for Venkateswara Nagar 2nd Cross Street

Venkateswara Nagar 2nd Cross Street guideline value

The current guideline value of Venkateswara Nagar 2nd Cross Street is Rs 1,980 per sq.ft. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkateswara Nagar 2nd Cross Street has changed

The guideline value for Venkateswara Nagar 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the current value of Venkateswara Nagar 2nd Cross Street.

• Venkateswara Nagar 1st Street (Park Road): Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street, 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street, 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Anna 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Venkateswara Nagar 2nd Cross Street?

The Sub Registrar Office that covers Venkateswara Nagar 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value as it directly influences the costs associated with property registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 2nd Cross Street?

The current guideline value of Venkateswara Nagar 2nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Venkateswara Nagar 2nd Cross Street is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Venkateswara Nagar 2nd Cross Street?

The Sub Registrar Office for Venkateswara Nagar 2nd Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How can I calculate the registration fees for a property?

You can calculate the registration fees for a property by using the stamp duty and registration fee calculator, which takes into account the guideline value and applicable rates.