Guideline Value for Venkateswara Nagar Thangal Ist Street

Venkateswara Nagar Thangal Ist Street guideline value

The current guideline value of Venkateswara Nagar Thangal Ist 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 Thangal Ist Street has changed

The guideline value for Venkateswara Nagar Thangal Ist Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting an increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register 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 guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Venkateswara Nagar Thangal Ist Street. Below are other streets in Anakaputhur with their respective guideline values:

• Venkateswara Nagar Thangal Road: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajendran Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajarajan Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajaji 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 Thangal Ist 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, while 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 and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Nagar Thangal Ist Street?

The Venkateswara Nagar Thangal Ist Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the sale price is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Thangal Ist Street?

The current guideline value of Venkateswara Nagar Thangal Ist Street is Rs 1,980 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How 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. The most recent change was a 10% increase from Rs 1,800 per sq.ft in 2023.

What is the land classification for Venkateswara Nagar Thangal Ist Street?

Venkateswara Nagar Thangal Ist 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, Chengalpattu registration zone. You can find more details through the provided link.

How is the stamp duty calculated for properties in this area?

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