Guideline Value for Venkateswara Nagar Extn

Venkateswara Nagar Extn guideline value

The current guideline value of Venkateswara Nagar Extn is Rs 1,300 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Venkateswara Nagar Extn has changed

Over the years, the guideline value of Venkateswara Nagar Extn has seen several revisions. The 2007 revision set the value at Rs 167 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a remarkable increase of 678%. However, from 2012 to 2017, the value dropped to Rs 871 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,300 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 678%.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. The guideline value for Venkateswara Nagar Extn stands at Rs 1,300 per sq.ft, and there are no other streets in Nalambakkam listed with values.

Stamp duty and registration fee for property in Venkateswara Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Extn?

The Sub Registrar Office covering Venkateswara Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the seller and buyer must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on this value, ensuring that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Extn?

The current guideline value of Venkateswara Nagar Extn is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 167 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and finally returned to Rs 1,300 per sq.ft in 2023.

What is the land classification for Venkateswara Nagar Extn?

The land classification for Venkateswara Nagar Extn is Residential Special Type - II.

What are the fees for registering property in Venkateswara Nagar Extn?

For a 1,000 sq.ft plot at the current guideline value, the total fees including stamp duty and registration fee would amount to Rs 1,17,000.

Where is the Sub Registrar Office for Venkateswara Nagar Extn located?

The Sub Registrar Office for Venkateswara Nagar Extn is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.