Guideline Value for Venugopal Nagar 3rd Street

Venugopal Nagar 3rd Street guideline value

The current guideline value of Venugopal Nagar 3rd Street is Rs 2,700 per sq.ft. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Venugopal Nagar 3rd Street has changed

The guideline value for Venugopal Nagar 3rd Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. The most recent revision is from 2024, where the value increased to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions with recorded figures are from 2012 and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which means that the 2024 figure for Venugopal Nagar 3rd Street is above this median.

• Venugopal Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Venugopal Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Venugopal Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Venugopal Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Venugopal Nagar: Rs 2,700 per sq.ft (2024)
• Venkteswara Street (Ward No.9): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venugopal Nagar 3rd Street?

The Sub Registrar Office that covers Venugopal Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Venugopal Nagar 3rd Street?

The current guideline value of Venugopal Nagar 3rd Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Venugopal Nagar 3rd Street?

Venugopal Nagar 3rd Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where is the Sub Registrar Office for Venugopal Nagar 3rd Street located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.