Guideline Value for Venugopal Nagar

Venugopal Nagar guideline value

The current guideline value of Venugopal Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Venugopal Nagar has changed

The guideline value for Venugopal Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a -33% change. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision also maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Katrampakkam

Katrampakkam village has 41 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value is Rs 250 per sq.ft, which is equal to the current value of Venugopal Nagar.

• Vetrivel Nagar: Rs 250 per sq.ft (2024)
• Vettri Nagar: Rs 250 per sq.ft (2024)
• Venkatapuri: Rs 250 per sq.ft (2024)
• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• Yadhava Street: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the 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 Nagar?

The Sub Registrar Office that covers Venugopal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Katrampakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Venugopal Nagar?

The current guideline value of Venugopal Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

What is the classification of land in Venugopal Nagar?

Venugopal Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Venugopal Nagar?

The Sub Registrar Office for Venugopal Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Venugopal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000.