Guideline Value for Venkateswara Nagar Rajarajan Street

Venkateswara Nagar Rajarajan Street guideline value

The current guideline value of Venkateswara Nagar Rajarajan Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar Rajarajan Street has changed

The guideline value for Venkateswara Nagar Rajarajan Street has undergone 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 2023. The most recent 2024 revision raised the value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes noted include a 49% increase from 2017 to 2023 and the aforementioned 10% increase from 2023 to 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry 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 matches the current value for Venkateswara Nagar Rajarajan Street.

• Venkateswara Nagar Rajaji Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajendran Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Thangal Ist Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Thangal Road: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Ovai Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Rajarajan 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, while the registration fee at 2% would be Rs 39,600, bringing the total fees 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Rajarajan Street?

The Venkateswara Nagar Rajarajan Street falls under the jurisdiction of 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

The guideline value serves as a benchmark for property transactions in Anakaputhur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property registration. Proper understanding of this value can aid in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar Rajarajan 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 seen revisions from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What is the land classification for Venkateswara Nagar Rajarajan Street?

Venkateswara Nagar Rajarajan 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 the stamp duty calculated for properties in Venkateswara Nagar Rajarajan Street?

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