Guideline Value for Venkateswara Nagar Duraisamy Street

Venkateswara Nagar Duraisamy Street guideline value

The current guideline value for Venkateswara Nagar Duraisamy Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkateswara Nagar Duraisamy Street has changed

The guideline value for Venkateswara Nagar Duraisamy Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Venkateswara Nagar Duraisamy Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Duraisamy 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, bringing the total fees to Rs 1,78,200. Please 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 detailed calculations.

Which Sub Registrar Office covers Venkateswara Nagar Duraisamy Street?

The Venkateswara Nagar Duraisamy Street falls under the jurisdiction of 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 is a crucial factor during property registration in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, whichever is applicable.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar Duraisamy Street?

The current guideline value for Venkateswara Nagar Duraisamy 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, representing a total increase of 64% over this period.

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

For a property valued at Rs 19,80,000, the stamp duty is Rs 1,38,600 and the registration fee is Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Venkateswara Nagar Duraisamy Street?

The Pammal Sub Registrar Office handles the registration for Venkateswara Nagar Duraisamy Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Venkateswara Nagar Duraisamy Street?

The land classification for Venkateswara Nagar Duraisamy Street is Residential Class I Type - I, indicating its suitability for residential development.