Guideline Value for Venus Nagar

Venus Nagar guideline value

The current guideline value of Venus Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Venus Nagar has changed

The guideline value for Venus Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023.

It is important to note that there are no registered figures for Venus Nagar for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value is Rs 400 per sq.ft, which is equal to the current value for Venus Nagar.

• Vinatha Nagar: Rs 300 per sq.ft (2024)
• Vasuki Nagar: Rs 700 per sq.ft (2024)
• Vasavi Nagar: Rs 700 per sq.ft (2024)
• Varasithi Vinayagar Street: Rs 200 per sq.ft (2024)
• VMR Nagar: Rs 200 per sq.ft (2024)
• Theruveethiamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Venus Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that 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 Venus Nagar?

The Sub Registrar Office that covers Venus Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair valuation of the property. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Venus Nagar?

The current guideline value of Venus Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, representing a 49% increase.

Are there any years without a registered guideline value for Venus Nagar?

Yes, there are no registered figures for Venus Nagar for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft, which is the same as the current guideline value for Venus Nagar.

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

The Sub Registrar Office for Venus Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.