Guideline Value for Venkatram 1st Street (S.V.Nagar)

Venkatram 1st Street (S.V.Nagar) guideline value

The current guideline value of Venkatram 1st Street (S.V.Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Venkatram 1st Street (S.V.Nagar) has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the value at Rs 1,900 per sq.ft, showing a 6% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Venkatram 1st Street's 2024 figure below that median.

• Venkatram 2nd Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Venkateswara Main Road: Rs 1,600 per sq.ft (2024)
• Vetri Vinayagar Koil Street: Rs 1,600 per sq.ft (2024)
• Venkateshwara Nagar extention: Rs 1,600 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,600 per sq.ft (2024)
• Venkataraman Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatram 1st Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total cost for these fees Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Venkatram 1st Street (S.V.Nagar)?

The Sub Registrar Office that covers Venkatram 1st Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is crucial to be aware of the current guideline value, as it affects the overall transaction costs. Buyers and sellers should ensure that they are informed about the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatram 1st Street (S.V.Nagar)?

The current guideline value of Venkatram 1st Street (S.V.Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Oragadam?

The median guideline value for the 596 streets in Oragadam is Rs 2,200 per sq.ft, which means Venkatram 1st Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 19,00,000. The stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles the registration for Venkatram 1st Street (S.V.Nagar)?

The Ambattur Sub Registrar Office handles the registration for Venkatram 1st Street (S.V.Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.