Guideline Value for Venugopal Avenue 1st Lane

Venugopal Avenue 1st Lane guideline value

The current guideline value of Venugopal Avenue 1st Lane is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - II.

How the guideline value of Venugopal Avenue 1st Lane has changed

According to the register, there are no figures available for Venugopal Avenue 1st Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, lists the guideline value at Rs 11,000 per sq.ft.

Since there have been no figures recorded for this street in previous revisions, the 2024 figure stands alone without any changes to report from earlier years.

Guideline values in Egmore

In Egmore, there are a total of 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Venugopal Avenue 1st Lane's 2024 figure above that median.

• Venugopal Avenue: Rs 11,000 per sq.ft (2024)
• Venugopal Avenue 2nd Lane: Rs 11,000 per sq.ft (2024)
• Venugopal Avenue Main Road: Rs 11,000 per sq.ft (2024)
• Venugopal Pillai street: Rs 7,100 per sq.ft (2024)
• Venkatcchala Naicken street: Rs 3,900 per sq.ft (2024)
• Venkatcahla Pillai street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Avenue 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venugopal Avenue 1st Lane?

The Sub Registrar Office that covers Venugopal Avenue 1st Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs involved in the registration process. Proper understanding of this value helps in ensuring compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Venugopal Avenue 1st Lane?

The current guideline value of Venugopal Avenue 1st Lane is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Venugopal Avenue 1st Lane in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

What is the land classification for Venugopal Avenue 1st Lane?

Venugopal Avenue 1st Lane is classified as Residential Class I Type - II.

What is the registration office for Venugopal Avenue 1st Lane?

The registration office for Venugopal Avenue 1st Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at a rate of 7%.