Guideline Value for Venkateswara Nagar Thangal Road

Venkateswara Nagar Thangal Road guideline value

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

How the guideline value of Venkateswara Nagar Thangal Road has changed

The guideline value for Venkateswara Nagar Thangal Road has seen 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 revision in 2024 raised the value further to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. This demonstrates a significant upward trend in the guideline value over the past few years.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Venkateswara Nagar Thangal Road.

• Venkateswara Nagar Thangal Ist Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Rajendran 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 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 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 on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Thangal Road?

The Venkateswara Nagar Thangal Road falls under 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 serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to assess the applicable duties. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the correct fees are calculated during the registration process.

Frequently asked questions

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

The current guideline value of Venkateswara Nagar Thangal Road 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 increased 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. This represents a 64% increase overall from 2017 to 2024.

Where can I find the registration office for Venkateswara Nagar Thangal Road?

The registration office for Venkateswara Nagar Thangal Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the stamp duty rate applicable for properties in this area?

The stamp duty rate applicable for properties in Venkateswara Nagar Thangal Road is 7%. This is calculated based on the higher of the guideline value or the sale price.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur under the Pammal SRO also have a guideline value of Rs 1,980 per sq.ft as of 2024. These include Venkateswara Nagar Thangal Ist Street, Venkateswara Nagar Thiruvalluvar Street, Venkateswara Nagar Rajendran Street, Venkateswara Nagar Rajarajan Street, Venkateswara Nagar Rajaji Street, and Venkateswara Nagar Ovai Street.