Guideline Value for Venkateswara Nagar 2nd Street

Venkateswara Nagar 2nd Street guideline value

The current guideline value of Venkateswara Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and falls under the land classification of Commercial Class I Type - I.

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

Over the years, the guideline value of Venkateswara Nagar 2nd Street has seen several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, indicating that Venkateswara Nagar 2nd Street's 2024 figure is above this median.

• Venkateswara Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar Extn: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 Pozhichalur

The guideline value is a critical factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur that share the same guideline value of Rs 2,200 per sq.ft in 2024 include Venkateswara Nagar 2nd Cross Street, 3rd Cross Street, 3rd Street, 1st Street, 4th Street, and Venkateswara Nagar Extn.

What is the stamp duty for a property in Venkateswara Nagar 2nd Street?

The stamp duty for a property in Venkateswara Nagar 2nd Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 1,54,000.

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.