Guideline Value for Venkateswara Nagar Ganga Street

Venkateswara Nagar Ganga Street guideline value

The current guideline value of Venkateswara Nagar Ganga Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar Ganga Street has changed

The guideline value for Venkateswara Nagar Ganga 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 current 2024 revision shows a further increase to Rs 1,980 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increases from 2017 to 2023 were significant, with a 49% rise noted during that period.

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 guideline value for Venkateswara Nagar Ganga Street.

• Venkateswara Nagar Extn: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Ist Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Kalaimagal Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Kamarajar Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Duraisamy Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Kambar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Ganga 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 to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Ganga Street?

The Sub Registrar Office that covers Venkateswara Nagar Ganga 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 details.

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

The guideline value is an essential factor in the property registration process in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and reflects the value of the property accurately.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

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

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Venkateswara Nagar Ganga Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Anakaputhur?

The Pammal Sub Registrar Office is responsible for handling property registrations in Anakaputhur, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Anakaputhur?

Yes, several other streets in Anakaputhur have the same guideline value of Rs 1,980 per sq.ft for 2024, including Venkateswara Nagar Extn, Venkateswara Nagar Ist Street, and others.