Guideline Value for Venkateswara Nagar Rajendran Street

Venkateswara Nagar Rajendran Street guideline value

The current guideline value for Venkateswara Nagar Rajendran Street is Rs 1,980 per sq.ft. 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 Rajendran Street has changed

The guideline value for Venkateswara Nagar Rajendran Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64% in the guideline value.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which is equal to the guideline value for Venkateswara Nagar Rajendran Street.

• Venkateswara Nagar Rajarajan Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajaji 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 Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Ovai Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Rajendran 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, and the registration fee at 2% would be Rs 39,600, bringing the total 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Nagar Rajendran Street?

The Sub Registrar Office that covers Venkateswara Nagar Rajendran 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It determines the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the baseline for financial transactions. It is essential to consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar Rajendran Street?

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

How much has the guideline value changed over the years?

Since 2017, 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 stamp duty for property in Venkateswara Nagar Rajendran Street?

The stamp duty for property in Venkateswara Nagar Rajendran Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

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

How many streets in Anakaputhur have a guideline value?

There are 501 streets in Anakaputhur under the Pammal SRO that carry a guideline value as of 2024.