Guideline Value for Venkateswara Nagar Extn

Venkateswara Nagar Extn guideline value

The current guideline value of Venkateswara Nagar Extn is Rs 1,980 per sq.ft, effective from 1 July 2024. This area 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 Extn has changed

The guideline value for Venkateswara Nagar Extn 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 2024 revision has further 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%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value 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 matches the current value for Venkateswara Nagar Extn.

• Venkateswara Nagar Ganga Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Duraisamy Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Bharathidasan Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Ist Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Anna Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Kalaimagal Street: Rs 1,980 per sq.ft (2024)

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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total charges would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Extn?

The Venkateswara Nagar Extn is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Extn?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the stamp duty rate applicable in Venkateswara Nagar Extn?

The stamp duty rate applicable in Venkateswara Nagar Extn is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets with the same guideline value in Anakaputhur?

Other streets in Anakaputhur with the same guideline value of Rs 1,980 per sq.ft include Venkateswara Nagar Ganga Street, Venkateswara Nagar Duraisamy Street, Venkateswara Nagar Bharathidasan Street, Venkateswara Nagar Ist Street, Venkateswara Nagar Anna Street, and Venkateswara Nagar Kalaimagal Street.