Guideline Value for Venugopal Naidu Street

Venugopal Naidu Street guideline value

The current guideline value of Venugopal Naidu Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Venugopal Naidu Street has changed

The guideline value for Venugopal Naidu Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The current value, effective from July 2024, is Rs 2,001 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Venugopal Naidu Street's value above this median.

• Vedhathiri Colony: Rs 2,001 per sq.ft (2024)
• Visveswaran Iyer Street: Rs 1,500 per sq.ft (2024)
• Vivekanandar Avenue: Rs 1,500 per sq.ft (2024)
• V.O.C. Street: Rs 2,001 per sq.ft (2024)
• Unnamalai Nagar: Rs 1,200 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total to Rs 1,80,090. It is important to 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 precise calculations.

Which Sub Registrar Office covers Venugopal Naidu Street?

The Sub Registrar Office that covers Venugopal Naidu Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Gooduvancheri. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is assessed to ensure that the transaction is in compliance with the local regulations. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venugopal Naidu Street?

The current guideline value of Venugopal Naidu Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,340 per sq.ft to the current value of Rs 2,001 per sq.ft in 2024, the guideline value has increased by 49% overall.

What is the land classification for Venugopal Naidu Street?

Venugopal Naidu Street is classified as Residential Special Type - II.

Which Sub Registrar Office is responsible for Venugopal Naidu Street?

The Gooduvancheri Sub Registrar Office is responsible for Venugopal Naidu Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Venugopal Naidu Street?

The stamp duty for properties in Venugopal Naidu Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,80,090 in fees.