Guideline Value for Venkateswara Street

Venkateswara Street guideline value

The current guideline value of Venkateswara Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Venkateswara Street has changed

The guideline value for Venkateswara Street has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, placing Venkateswara Street's 2024 figure below this median.

• Vijaya Avenue: Rs 1,200 per sq.ft (2024)
• V.O.C. Street: Rs 1,100 per sq.ft (2024)
• Valluvar Nagar: Rs 1,100 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,700 per sq.ft (2024)
• Thulukanathaman Nagar: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 Street?

The Sub Registrar Office that covers Venkateswara Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is used as a benchmark for property transactions in Soorapattu. When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property registration. Accurate knowledge of these values can help in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Venkateswara Street?

The current guideline value of Venkateswara Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Venkateswara Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Venkateswara Street?

The Ambattur Sub Registrar Office handles registrations for Venkateswara Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for determining the applicable stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to understand this value to assess the financial implications of their transactions.