Guideline Value for Venpurusham Village B.G.Road

Venpurusham Village B.G.Road guideline value

The current guideline value for Venpurusham Village B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under Mamallapuram village, governed by the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Venpurusham Village B.G.Road has changed

The guideline value for Venpurusham Village B.G.Road has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. The 2012 revision set the guideline value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it further to Rs 550 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Venpurusham Village B.G.Road is below this median.

• Venpurusham Village 4th Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village Road: Rs 825 per sq.ft (2024)
• Venpurusham Village 3rd Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village 2nd Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village 1st Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham to Five Radhas Joint Road: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Venpurusham Village B.G.Road

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Please note that 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 details.

Which Sub Registrar Office covers Venpurusham Village B.G.Road?

The Sub Registrar Office that covers Venpurusham Village B.G.Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Venpurusham Village B.G.Road?

The current guideline value of Venpurusham Village B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Venpurusham Village B.G.Road?

Venpurusham Village B.G.Road is classified as Residential Class V Type - I.

Which office handles the registration for Venpurusham Village B.G.Road?

The Thirukazhukundram Sub Registrar Office handles the registration for Venpurusham Village B.G.Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft has a guideline value of Rs 5,50,000, which is used to calculate the stamp duty and registration fees.