Guideline Value for Venkateswara Nagar 4th Street

Venkateswara Nagar 4th Street guideline value

The current guideline value of Venkateswara Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar 4th Street has changed

The guideline value for Venkateswara Nagar 4th Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% increase. The most recent revision in 2024 saw the guideline value rise to Rs 3,300 per sq.ft, reflecting a 10% increase from 2012.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Kolathur

In Kolathur village, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Venkateswara Nagar 4th Street.

• Venkateswara Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Venkateswara Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Venkateswara Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Venkateswara Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Venkateswara Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Venkateswara Nagar 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Nagar 4th Street?

The Venkateswara Nagar 4th Street falls under the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees are based on the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 4th Street?

The current guideline value of Venkateswara Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, which is a total increase of 230% over the years.

What is the land classification for Venkateswara Nagar 4th Street?

Venkateswara Nagar 4th Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty for properties in Kolathur is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.