Guideline Value for Venugopal Street

Venugopal Street guideline value

The current guideline value of Venugopal Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Venugopal Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,500 per sq.ft again, reflecting a significant increase of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,500 per sq.ft.

The register does not provide figures for the revisions in 2002, 2003, 2007, and 2024 for Venugopal Street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Venugopal Street is the only street mentioned with a guideline value of Rs 1,500 per sq.ft as of 2023.

Stamp duty and registration fee for property in Venugopal Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Street?

The Sub Registrar Office that covers Venugopal Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Venugopal Street?

The current guideline value of Venugopal Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,500 per sq.ft in 2023, resulting in an overall change of 0% from 2012 to 2023.

Which Sub Registrar Office covers Venugopal Street?

The Gooduvancheri Sub Registrar Office covers Venugopal Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Venugopal Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%, and the registration fee would be Rs 30,000 at 2%, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

Are there other streets in Vandalur with guideline values?

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Venugopal Street is the only street mentioned with a guideline value of Rs 1,500 per sq.ft as of 2023.