Guideline Value for Venkateswara Nagar Main Road

Venkateswara Nagar Main Road guideline value

The current guideline value of Venkateswara Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Venkateswara Nagar Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which represents a 10% increase from Rs 1,800 per sq.ft in the 2023 revision. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

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

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 is Rs 1,980 per sq.ft, which is the same as the guideline value for Venkateswara Nagar Main Road.

• Venkateswara Nagar Kulathungan Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Krishna Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Ovai Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Koweri Street: 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)

Stamp duty and registration fee for property in Venkateswara Nagar Main Road

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

Which Sub Registrar Office covers Venkateswara Nagar Main Road?

The Sub Registrar Office that covers Venkateswara Nagar Main Road 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 a crucial factor in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transaction.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This means that if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Main Road?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Venkateswara Nagar Main Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which Sub Registrar Office covers the area of Venkateswara Nagar Main Road?

The Pammal Sub Registrar Office covers Venkateswara Nagar Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Anakaputhur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical revisions. It serves as a reference point for property transactions in the area.