Guideline Value for Venkateswara Nagar 3rd Street

Venkateswara Nagar 3rd Street guideline value

The current guideline value of Venkateswara Nagar 3rd Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Venkateswara Nagar 3rd Street has changed

In the 2012 revision, the guideline value was set at Rs 1,900 per sq.ft. This figure decreased to Rs 1,273 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 57%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 5%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for Venkateswara Nagar 3rd Street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Venkateswara Nagar 3rd Street's 2024 figure below this median.

• Venkateswara Nagar 2nd Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ayyappan Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ext 1 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ext 2 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ext 3 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar 1st Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Venkateswara Nagar 3rd Street?

The Sub Registrar Office that covers Venkateswara Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This ensures transparency in transactions and aids in preventing undervaluation or overvaluation during the registration process.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 3rd Street?

The current guideline value of Venkateswara Nagar 3rd Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,273 per sq.ft in 2017, and then to Rs 2,000 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by an increase of 57% from 2017 to 2024.

What is the land classification for Venkateswara Nagar 3rd Street?

Venkateswara Nagar 3rd Street is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000. The duty is charged based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Venkateswara Nagar 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.