Guideline Value for Venkateswara Nagar Kannadasan Street

Venkateswara Nagar Kannadasan Street guideline value

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

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current guideline value of Rs 1,980 per sq.ft in the 2024 revision reflects a further increase of 10% 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 revisions in the years 2002, 2003, 2007, and 2012 for this street.

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 equal to the 2024 figure for Venkateswara Nagar Kannadasan Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Kannadasan 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. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Nagar Kannadasan Street?

The Sub Registrar Office that covers Venkateswara Nagar Kannadasan 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 property transactions in Anakaputhur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar Kannadasan Street 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 an overall increase of 64% over these years.

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

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

Where can I find the Sub Registrar Office for this street?

The Pammal Sub Registrar Office covers Venkateswara Nagar Kannadasan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for Venkateswara Nagar Kannadasan Street?

The land classification for Venkateswara Nagar Kannadasan Street is Residential Class I Type - I, indicating its suitability for residential development.