Guideline Value for Venkateswara Nagar 2nd Street, 1st Cross Street

Venkateswara Nagar 2nd Street, 1st Cross Street guideline value

The current guideline value of Venkateswara Nagar 2nd Street, 1st Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkateswara Nagar 2nd Street, 1st Cross Street has changed

In the 2017 revision, the guideline value was set at Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 raised the guideline value to 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 for these streets is Rs 1,980 per sq.ft, which is equal to the current guideline value for Venkateswara Nagar 2nd Street, 1st Cross Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar 2nd Street, 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would amount to Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar 2nd Street, 1st Cross Street?

The Venkateswara Nagar 2nd Street, 1st Cross Street is covered by 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 is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the government revenue is protected.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar 2nd Street, 1st Cross Street?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Venkateswara Nagar 2nd Street, 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How many streets in Anakaputhur have a guideline value?

There are 501 streets in Anakaputhur under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft.