Guideline Value for Venkateswara Nagar Karikalan Street

Venkateswara Nagar Karikalan Street guideline value

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

The guideline value for Venkateswara Nagar Karikalan 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, 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 have a guideline value for 2024, 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 Karikalan Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Karikalan 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 to Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkateswara Nagar Karikalan Street?

The Venkateswara Nagar Karikalan Street falls under 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be equal to or higher than the guideline value. This ensures that the government receives the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

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

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

How much 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, marking a total increase of 64% over this period.

What is the land classification for Venkateswara Nagar Karikalan Street?

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

Where can I find the Pammal Sub Registrar Office?

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

How is stamp duty calculated for property transactions?

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