Guideline Value for Venkateswara Nagar

Venkateswara Nagar guideline value

The current guideline value of Venkateswara Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kunduperumpedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Venkateswara Nagar has changed

Over the years, the guideline value of Venkateswara Nagar has seen various revisions. The earliest recorded figure is from 2007, where it was set at Rs 30 per sq.ft. This increased significantly to Rs 150 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 100 per sq.ft, a decrease of 33%. From 2017 to 2023, it rose by 50% to Rs 150 per sq.ft, and there was no change from 2023 to 2024, keeping it at Rs 150 per sq.ft.

The revisions for the years 2002 and 2003 do not have figures recorded for Venkateswara Nagar in the register. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Venkateswara Nagar's 2024 figure below that median.

• Victoria Nagar: Rs 150 per sq.ft (2024)
• Vasanthapuri: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 400 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)
• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, making the total Rs 13,500. 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?

The Sub Registrar Office that covers Venkateswara Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a buyer purchases a property, the registration office uses the guideline value to calculate the applicable fees. This ensures that all transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar?

The current guideline value of Venkateswara Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and finally returned to Rs 150 per sq.ft by 2023 and 2024.

What is the stamp duty rate for properties in Venkateswara Nagar?

The stamp duty rate for properties in Venkateswara Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkateswara Nagar?

The Sub Registrar Office for Venkateswara Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the other streets in Kunduperumpedu with their guideline values?

Other streets in Kunduperumpedu include Victoria Nagar at Rs 150 per sq.ft, Vasanthapuri at Rs 200 per sq.ft, Thiruvalluvar Nagar at Rs 400 per sq.ft, Sri Saravana Nagar at Rs 200 per sq.ft, Sri Padmanaba Nagar at Rs 200 per sq.ft, and Sri Moogambikai Nagar at Rs 250 per sq.ft.