Guideline Value for Venkateswara Nagar Stage - I To IV

Venkateswara Nagar Stage - I To IV guideline value

The current guideline value for Venkateswara Nagar Stage - I To IV is Rs 181 per sq.ft. This area is located in Mettupalayam village, under the jurisdiction of the Sunguvarchattram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Venkateswara Nagar Stage - I To IV has changed

The guideline value for Venkateswara Nagar Stage - I To IV has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 121 per sq.ft. The value remained at Rs 181 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2012 to 2017, the value decreased significantly, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value increased slightly by 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mettupalayam

Mettupalayam village has a total of 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value for these streets is Rs 181 per sq.ft, which is equal to the guideline value for Venkateswara Nagar Stage - I To IV.

• Venkateshwara Nagar: Rs 181 per sq.ft (2024)
• VGP Mount View: Rs 181 per sq.ft (2024)
• V.G.P Vinoth Town: Rs 181 per sq.ft (2024)
• Victoria Town Part-II: Rs 200 per sq.ft (2024)
• Vijay Nagar: Rs 181 per sq.ft (2024)
• Vasantham Gardens: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Stage - I To IV

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty, charged at 7%, would amount to Rs 12,670, while the registration fee at 2% would be Rs 3,620. Together, these fees total Rs 16,290. It is important to note that 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 Stage - I To IV?

The Sub Registrar Office that covers Venkateswara Nagar Stage - I To IV is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Mettupalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar Stage - I To IV?

The current guideline value for Venkateswara Nagar Stage - I To IV is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 181 per sq.ft since the 2023 revision. It was Rs 180 per sq.ft in 2012, and Rs 121 per sq.ft in 2017, showing a significant increase of 50% from 2017 to 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 and the registration fee would be Rs 3,620, totaling Rs 16,290. These fees are based on the guideline value.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Venkateswara Nagar Stage - I To IV is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Venkateswara Nagar Stage - I To IV?

The land classification for Venkateswara Nagar Stage - I To IV is Residential Class II Type - I, which indicates the type of development permissible in this area.