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 street is located in Katrampakkam B 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 undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value is Rs 250 per sq.ft, reflecting a 50% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, maintaining the value at Rs 250 per sq.ft. Notably, the revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Venugopal Nagar's 2024 figure below this median.

• 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 amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venugopal Nagar?

Venugopal Nagar falls under the jurisdiction of 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 B

The guideline value is an important factor during the registration of property transactions in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

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 increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, marking a 50% increase. There was no change from 2023 to 2024, as the value remained Rs 250 per sq.ft.

What are the other streets in Katrampakkam B with guideline values?

Other streets in Katrampakkam B include Vetrivel Nagar, Vettri Nagar, Venkatapuri, Vinayagar Koil Street, Yadhava Street, and Thiruvalluvar Nagar, all with varying guideline values.

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

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

How is the stamp duty calculated for properties 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 property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.