Guideline Value for Venkateswara nagar extn

Venkateswara nagar extn guideline value

The current guideline value for Venkateswara nagar extn is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Venkateswara nagar extn has changed

The guideline value for Venkateswara nagar extn has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 250 per sq.ft, which was also the same in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and from 2017 to 2024, it has remained consistent with a total increase of 50%. The changes between the revisions highlight a stable value in the most recent years after a significant change in 2017.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Venkateswara nagar extn aligns with this median.

• Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar Extn: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar: Rs 250 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)
• Vigneshwara Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara nagar extn

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. Duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara nagar extn?

The Sub Registrar Office that covers Venkateswara nagar extn 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 Nemili_B

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the registration authority.

Frequently asked questions

What is the current guideline value for Venkateswara nagar extn?

The current guideline value for Venkateswara nagar extn is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024 and increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Venkateswara nagar extn?

Venkateswara nagar extn is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 22,500.