Guideline Value for Venue Nagar Cross St ( Ward No.26 )

Venue Nagar Cross St ( Ward No.26 ) guideline value

The current guideline value for Venue Nagar Cross St ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Venue Nagar Cross St ( Ward No.26 ) has changed

Looking at the revisions, the guideline value for Venue Nagar Cross St ( Ward No.26 ) was Rs 1,200 per sq.ft in the 2023 revision, which was the same as the 2012 revision. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

With the recent 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has risen by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Venue Nagar Cross St ( Ward No.26 ) is below this median.

• Venugopal Nagar: Rs 1,300 per sq.ft (2024)
• Venugopal Nagar (Ward-02): Rs 1,300 per sq.ft (2024)
• Venugopal Nagar (Ward-09): Rs 1,300 per sq.ft (2024)
• Venugopal Nagar ( Ward No.8 ): Rs 1,300 per sq.ft (2024)
• Venkat Nagar (Ward-05): Rs 1,300 per sq.ft (2024)
• Venkat Nagar Roads ( Ward No.5 ): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Venue Nagar Cross St ( Ward No.26 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Venue Nagar Cross St ( Ward No.26 )?

The Sub Registrar Office that covers Venue Nagar Cross St ( Ward No.26 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction.

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 ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Venue Nagar Cross St ( Ward No.26 )?

The current guideline value for Venue Nagar Cross St ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. From 2012 to 2024, the overall increase is also 8%.

What is the land classification for Venue Nagar Cross St ( Ward No.26 )?

Venue Nagar Cross St ( Ward No.26 ) is classified as Residential Class III Type - I.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft include Venugopal Nagar, Venugopal Nagar (Ward-02), Venugopal Nagar (Ward-09), Venugopal Nagar ( Ward No.8 ), and Venkat Nagar (Ward-05).

Where can I find the Sub Registrar Office for Venue Nagar Cross St ( Ward No.26 )?

The Sub Registrar Office for Venue Nagar Cross St ( Ward No.26 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.