Guideline Value for Venkateswara Nagar Ext 3 Street

Venkateswara Nagar Ext 3 Street guideline value

The current guideline value for Venkateswara Nagar Ext 3 Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Venkateswara Nagar Ext 3 Street has undergone several revisions over the years. The earliest recorded revision in 2012 set the guideline value at Rs 1,900 per sq.ft. In the 2024 revision, the value increased to Rs 2,000 per sq.ft, marking a change of +5% from the previous figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only significant changes noted are from the 2012 revision to the 2024 revision.

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 the village is Rs 2,400 per sq.ft, placing Venkateswara Nagar Ext 3 Street's current value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total 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, bringing the total fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Venkateswara Nagar Ext 3 Street?

The Sub Registrar Office that covers Venkateswara Nagar Ext 3 Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the transaction is in compliance with local regulations and that the correct amount of duty is paid.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar Ext 3 Street?

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

When was the last revision of the guideline value?

The last revision of the guideline value was in 2024, which set the value at Rs 2,000 per sq.ft.

What was the guideline value in 2012?

The guideline value for Venkateswara Nagar Ext 3 Street in 2012 was Rs 1,900 per sq.ft.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles property registrations in Thirumullaivoyal?

The Ambattur Sub Registrar Office handles property registrations in Thirumullaivoyal, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.