Guideline Value for Venugopal Avenue 2nd Lane

Venugopal Avenue 2nd Lane guideline value

The current guideline value of Venugopal Avenue 2nd Lane is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class I Type - II.

How the guideline value of Venugopal Avenue 2nd Lane has changed

As per the register, there are no figures available for Venugopal Avenue 2nd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 11,000 per sq.ft.

The 2024 revision marks the first recorded guideline value for this street. There have been no changes between the revisions above, as there are no figures listed for the prior years.

Guideline values in Egmore

In Egmore, there are 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 value is Rs 7,100 per sq.ft, placing Venugopal Avenue 2nd Lane's 2024 figure above that median.

• Venugopal Avenue 1st Lane: Rs 11,000 per sq.ft (2024)
• Venugopal Avenue Main Road: Rs 11,000 per sq.ft (2024)
• Venugopal Avenue: 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 2nd 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, totaling Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venugopal Avenue 2nd Lane?

The Sub Registrar Office that covers Venugopal Avenue 2nd 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

When buying or selling property in Egmore, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. It serves as a benchmark for the valuation of properties and ensures that the fees are calculated based on a standardized value.

The guideline value is crucial for both buyers and sellers as it provides transparency in property transactions. It helps in avoiding disputes regarding property valuations during the registration process.

Frequently asked questions

What is the current guideline value for Venugopal Avenue 2nd Lane?

The current guideline value for Venugopal Avenue 2nd Lane is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded guideline values for Venugopal Avenue 2nd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the median guideline value in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft. Venugopal Avenue 2nd Lane's current figure is above this median.

What are the stamp duty rates for properties in Egmore?

The stamp duty for properties in Egmore is charged at 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of the property.

Where can I find the Sub Registrar Office for Venugopal Avenue 2nd Lane?

The Sub Registrar Office for Venugopal Avenue 2nd Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.