Guideline Value for Venkateswara Nagar 2nd Street

Venkateswara Nagar 2nd Street guideline value

The current guideline value for Venkateswara Nagar 2nd Street is Rs 1,980 per sq.ft. 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 has changed

The guideline value for Venkateswara Nagar 2nd Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was set at Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased 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 a total of 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 2024 figure for Venkateswara Nagar 2nd Street.

• Venkateswara Nagar 2nd 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 1st Street (Park Road): Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street, 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 1st 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 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 amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, these fees would total 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar 2nd Street?

The Sub Registrar Office that covers Venkateswara Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 during the registration of property transactions in Anakaputhur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized value rather than the negotiated sale price.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value for Venkateswara Nagar 2nd Street has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

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

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

What are the registration fees for properties in Venkateswara Nagar 2nd Street?

The registration fee for properties in Venkateswara Nagar 2nd Street is 2% of the guideline value or the sale price, whichever is higher.

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

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