Guideline Value for Venugopalapuram

Venugopalapuram guideline value

The current guideline value of Venugopalapuram is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Venugopalapuram has changed

Over the years, the guideline value of Venugopalapuram has seen several revisions. The earliest figure available is from 2007, where the value was Rs 1,700 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, but then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,500 per sq.ft in 2023, and further increased to the current Rs 3,900 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The jump from 2023 to 2024 represents an 11% increase. Overall, from 2007 to 2024, the guideline value has increased by 129%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Venugopalapuram.

• Venkatesa Nagar: Rs 3,900 per sq.ft (2024)
• Vijay Avenue: Rs 4,400 per sq.ft (2024)
• Vishvanathapuram: Rs 3,900 per sq.ft (2024)
• V O C Street / Gandhi Nagar: Rs 2,800 per sq.ft (2024)
• Voltas Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Voltas Colony 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Venugopalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. 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 Venugopalapuram?

The Sub Registrar Office that covers Venugopalapuram is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Thalakanancherry, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venugopalapuram?

The current guideline value of Venugopalapuram is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 129% over the years.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, which is the same as the guideline value for Venugopalapuram.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,51,000.

Which office handles property registrations for Venugopalapuram?

The Alandur Sub Registrar Office handles property registrations for Venugopalapuram, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.