Guideline Value for Venkateswara Nagar Krishna Street

Venkateswara Nagar Krishna Street guideline value

The current guideline value of Venkateswara Nagar Krishna Street is Rs 1,980 per sq.ft. This street is located in Anakaputhur village, under the jurisdiction of the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar Krishna Street has changed

The guideline value for Venkateswara Nagar Krishna Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 1,980 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2023 revision. This change represents a 10% increase.

Looking back further, the guideline value was Rs 1,206 per sq.ft in 2017. From 2017 to 2023, the value increased by 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for 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 value among these streets is Rs 1,980 per sq.ft, which is the same as the current value for Venkateswara Nagar Krishna Street.

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

Stamp duty and registration fee for property in Venkateswara Nagar Krishna 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.

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

Which Sub Registrar Office covers Venkateswara Nagar Krishna Street?

The Sub Registrar Office that covers Venkateswara Nagar Krishna 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 information.

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

The guideline value is an essential factor when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees applicable during the property transaction process.

When registering a property, the guideline value serves as a benchmark, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar Krishna 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 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the registration office for Venkateswara Nagar Krishna Street?

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

What are the stamp duty rates applicable?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value?

Yes, there are several other streets in Anakaputhur with the same guideline value of Rs 1,980 per sq.ft, including Venkateswara Nagar Kulathungan Street, Koweri Street, Main Road, Karikalan Street, Kannadasan Street, and Kambar Street.