Guideline Value for Venkateswara Nagar Bharathidasan Street

Venkateswara Nagar Bharathidasan Street guideline value

The current guideline value of Venkateswara Nagar Bharathidasan 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 Bharathidasan Street has changed

The guideline value for Venkateswara Nagar Bharathidasan Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The consistent increase in the guideline value reflects changes in the market conditions and property assessments over the years.

Guideline values in Anakaputhur

In Anakaputhur, there are 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 current value of Venkateswara Nagar Bharathidasan Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Bharathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is calculated at 7%, resulting in Rs 1,38,600, while the registration fee at 2% amounts to Rs 39,600. Therefore, the total cost for stamp duty and registration fee together is 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Nagar Bharathidasan Street?

The Sub Registrar Office that covers Venkateswara Nagar Bharathidasan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Bharathidasan Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 1,78,200, based on the current guideline value.

Which office handles registration for properties in this street?

The registration for properties in Venkateswara Nagar Bharathidasan Street is handled by the Pammal Sub Registrar Office, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property registration, determining the minimum value for which a property can be registered and ensuring appropriate stamp duty and registration fees are collected.