Guideline Value for Venpurusham to Five Radhas Joint Road

Venpurusham to Five Radhas Joint Road guideline value

The current guideline value for Venpurusham to Five Radhas Joint Road is Rs 935 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Venpurusham to Five Radhas Joint Road has changed

Over the years, the guideline value for Venpurusham to Five Radhas Joint Road has seen significant changes. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased dramatically by 111%, reaching Rs 850 per sq.ft. The latest revision in 2024 has further increased the value to Rs 935 per sq.ft, marking a rise of 10% from the previous year.

It is important to note that there are no figures recorded for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 56%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the current value for Venpurusham to Five Radhas Joint Road.

• Venpurusham Village 1st Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village 2nd Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village 3rd Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village 4th Cross Street: Rs 550 per sq.ft (2024)
• Venpurusham Village B.G.Road: Rs 550 per sq.ft (2024)
• Venpurusham Village Road: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Venpurusham to Five Radhas Joint Road

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venpurusham to Five Radhas Joint Road?

The Thirukazhukundram Sub Registrar Office covers Venpurusham to Five Radhas Joint Road. The address is 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 plays a crucial role in the registration process of property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they are complying with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Venpurusham to Five Radhas Joint Road?

The current guideline value for Venpurusham to Five Radhas Joint Road is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, representing an overall increase of 56% over this period.

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

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for this road?

The Thirukazhukundram Sub Registrar Office is responsible for the registration of properties on Venpurusham to Five Radhas Joint Road.

What is the land classification for this area?

Venpurusham to Five Radhas Joint Road is classified as Residential Class IV Type - I, indicating its suitability for residential development.