Guideline Value for Venkatraman Nagar

Venkatraman Nagar guideline value

The current guideline value of Venkatraman Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Venkatraman Nagar has changed

The guideline value for Venkatraman Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The latest 2024 revision has set the value at Rs 2,090 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from the 2017 to 2023 revision was significant, at 49%, reflecting the changes in the guideline value over time.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO with a guideline value range from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is equal to the current value for Venkatraman Nagar.

• Venkada Samy Nagar: Rs 2,090 per sq.ft (2024)
• Vellalar Street: Rs 2,090 per sq.ft (2024)
• Velappan Nagar: Rs 2,090 per sq.ft (2024)
• Velappanchavadi Poovai High Road: Rs 4,290 per sq.ft (2024)
• Velappa Nagar: Rs 2,090 per sq.ft (2024)
• Yerikarai Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatraman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800. Together, the total fees would be Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkatraman Nagar?

The Sub Registrar Office that covers Venkatraman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of Venkatraman Nagar?

The current guideline value of Venkatraman Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Venkatraman Nagar?

For a 1,000 sq.ft plot, the guideline value is Rs 20,90,000. The stamp duty at 7% is Rs 1,46,300, and the registration fee at 2% is Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Venkatraman Nagar?

The Kunrathur Sub Registrar Office covers Venkatraman Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Venkatraman Nagar?

Venkatraman Nagar is classified as Residential Special Type - I under the guideline value register.