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

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

The current guideline value for Venkateswara Nagar 2nd Street, 2nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class I Type - I.

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

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

The register has no figure 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 with 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 for Venkateswara Nagar 2nd Street, 2nd Cross Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar 2nd Street, 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 would be 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 cost for these fees 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.

You can use the stamp duty and registration fee calculator for more information.

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

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these fees are based on a standardized valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the overall costs involved in the transaction. This value helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

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

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the registration office for Venkateswara Nagar 2nd Street, 2nd Cross Street?

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

How is the guideline value used in property registration?

The guideline value is used as a basis for calculating the stamp duty and registration fees during property registration. It ensures that these fees are consistent and based on a standardized valuation rather than fluctuating sale prices.