Guideline Value for Venkateswara Nagar Ist Street

Venkateswara Nagar Ist Street guideline value

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

How the guideline value of Venkateswara Nagar Ist Street has changed

The guideline value for Venkateswara Nagar Ist Street has undergone 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 revision in 2024 has raised this figure to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, there has been a 64% increase in the guideline value from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Venkateswara Nagar Ist Street. The increase from 2017 to 2023 was significant at 49%, reflecting a substantial change in the guideline value over this 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 guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Venkateswara Nagar Ist Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkateswara Nagar Ist Street?

The Sub Registrar Office that covers Venkateswara Nagar Ist Street is 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 is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations.

Frequently asked questions

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

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

How much 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, marking an overall increase of 64% over this period.

What is the land classification for Venkateswara Nagar Ist Street?

The land classification for Venkateswara Nagar Ist Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Venkateswara Nagar Ist Street?

The Sub Registrar Office for Venkateswara Nagar Ist Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Venkateswara Nagar Ist Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.