Guideline Value for Venugopal Street

Venugopal Street guideline value

The current guideline value of Venugopal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Venugopal Street has changed

The guideline value for Venugopal Street has undergone several revisions over the years. Starting from Rs 200 per sq.ft in 2007, it increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 670 per sq.ft in 2017, representing a 33% drop. The value then rose to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with the median being Rs 1,100 per sq.ft. Venugopal Street's 2024 guideline value matches this median.

• Vengu Street: Rs 1,650 per sq.ft (2024)
• Vengatachalapathy Street indira nagar: Rs 1,100 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 1,650 per sq.ft (2024)
• Vinayagar Street: Rs 1,100 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Veerapandiyakottabomman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venugopal Street?

The Sub Registrar Office covering Venugopal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value for Venugopal Street?

The current guideline value for Venugopal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a significant increase of 400% from 2007 to 2012, followed by fluctuations in subsequent years.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, which is the same as the current guideline value for Venugopal Street.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Venugopal Street?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for property registrations for Venugopal Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.