Guideline Value for Venkateswara Nagar Kalaimagal Street

Venkateswara Nagar Kalaimagal Street guideline value

The current guideline value of Venkateswara Nagar Kalaimagal 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 Kalaimagal Street has changed

The guideline value for Venkateswara Nagar Kalaimagal Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the guideline value of Venkateswara Nagar Kalaimagal Street.

• Venkateswara Nagar Ist Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Kamarajar 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 Ganga Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Karikalan Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Kalaimagal 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, totaling Rs 1,78,200. It is important to note that 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 Kalaimagal Street?

The Sub Registrar Office that covers Venkateswara Nagar Kalaimagal 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 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 when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

What is the land classification for Venkateswara Nagar Kalaimagal Street?

Venkateswara Nagar Kalaimagal Street is classified as Residential Class I Type - I.

Where can I find the registration office for Venkateswara Nagar Kalaimagal Street?

The registration office for Venkateswara Nagar Kalaimagal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty for properties in Anakaputhur is calculated based on the higher of the guideline value or the sale price. It is typically charged at 7% of the guideline value, along with a registration fee of 2%.