Guideline Value for Venkateswara Nagar Koweri Street

Venkateswara Nagar Koweri Street guideline value

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

The guideline value for Venkateswara Nagar Koweri 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 increase of 49%. The latest revision in 2024 raised 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 for this street in the register.

Guideline values in Anakaputhur

Anakaputhur village features a total of 501 streets under the Pammal SRO, with the 2024 guideline values 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 Koweri Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Koweri 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 fees together to 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Koweri Street?

The Sub Registrar Office that covers Venkateswara Nagar Koweri 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 details.

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

When buying or selling property in Anakaputhur, the guideline value is an essential factor used during the registration process. It serves as a benchmark to determine the stamp duty and registration fees applicable to the transaction.

Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and comply with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar Koweri 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Venkateswara Nagar Koweri Street?

Venkateswara Nagar Koweri Street is classified as Residential Class I Type - I. This classification is important for understanding the type of development permitted in the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles all registrations for properties in the area.

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

Stamp duty for properties in Venkateswara Nagar Koweri Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.