Guideline Value for Venugopal Avenue Main Road

Venugopal Avenue Main Road guideline value

The current guideline value of Venugopal Avenue Main Road 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 Main Road has changed

The guideline value register for Venugopal Avenue Main Road shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft.

Since there are no figures available for the previous years, the only current value is from the 2024 revision. Therefore, there have been no changes recorded between the revisions above.

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 value for these streets is Rs 7,100 per sq.ft, making the guideline value of Venugopal Avenue Main Road above the median.

• Venugopal Avenue 2nd Lane: Rs 11,000 per sq.ft (2024)
• Venugopal Avenue 1st Lane: 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000. Together, the total would be Rs 9,90,000. It is important to note that 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 Main Road?

The Sub Registrar Office that covers Venugopal Avenue Main Road 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 is a critical factor when registering property transactions in Egmore. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation of the property in the locality.

Frequently asked questions

What is the current guideline value of Venugopal Avenue Main Road?

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

What land classification does Venugopal Avenue Main Road fall under?

Venugopal Avenue Main Road is classified as Residential Class I Type - II.

How many streets in Egmore have a guideline value for 2024?

There are a total of 465 streets in Egmore under the Periamet SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Venugopal Avenue Main Road's value being above this median.

Where is the Sub Registrar Office for Venugopal Avenue Main Road located?

The Sub Registrar Office for Venugopal Avenue Main Road is located at 1103, Poonamallee High Road, Chennai-600 003.