Guideline Value for Venkateswara Nagar

Venkateswara Nagar guideline value

The current guideline value of Venkateswara Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Venkateswara Nagar has changed

The guideline value for Venkateswara Nagar has remained consistent in recent revisions. In the 2023 revision, the guideline value was Rs 400 per sq.ft, and this figure has not changed in the 2024 revision, which also lists it at Rs 400 per sq.ft, reflecting a change of +0% from the previous year.

For earlier years, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002. Therefore, the only recorded values are from 2023 and 2024, both at Rs 400 per sq.ft.

Guideline values in Vallam_B

Vallam_B village has a total of 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value. The median guideline value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Venkateswara Nagar. Other streets in Vallam_B include:

• Vetri Nagar: Rs 400 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Velalar street: Rs 300 per sq.ft (2024)
• Victoria Town: Rs 200 per sq.ft (2024)
• Victory Nagar: Rs 400 per sq.ft (2024)
• Vallakottai Velavan Nagar Extension: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 Vallam_B

The guideline value is a crucial factor when registering property transactions in Vallam_B. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar?

The current guideline value of Venkateswara Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Venkateswara Nagar has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions, showing no change. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Venkateswara Nagar?

Venkateswara Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,00,000, the total fees would be Rs 36,000.

Where is the Sub Registrar Office for Venkateswara Nagar located?

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