Guideline Value for Venkateswara Nagar Kambar Street

Venkateswara Nagar Kambar Street guideline value

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

The guideline value for Venkateswara Nagar Kambar 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 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value across these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Venkateswara Nagar Kambar Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Kambar 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. Together, the total cost for stamp duty and registration 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Kambar Street?

The Venkateswara Nagar Kambar Street falls under the jurisdiction of 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 details.

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

The guideline value is an important factor 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 the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price of the property is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What is the land classification for Venkateswara Nagar Kambar Street?

Venkateswara Nagar Kambar Street is classified as Residential Class I Type - I, indicating its suitability for residential developments.

Which office handles registrations for Venkateswara Nagar Kambar Street?

The Pammal Sub Registrar Office handles registrations for Venkateswara Nagar Kambar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

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