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Guideline Value

Corporate

Guideline Value for Cement Road (Panchayat Road)

₹300/sq.ft.

The guideline value for Cement Road (panchayat Road) in Vanchuvancheri village (Sriperumpudur SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vanchuvancheri

Village

Sriperumpudur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Cement Road (panchayat Road)

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Cement Road (Panchayat Road) guideline value

The current guideline value of Cement Road (Panchayat Road) in Vanchuvancheri village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Cement Road (Panchayat Road) has changed

The guideline value of Cement Road (Panchayat Road) has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was adjusted to Rs 201 per sq.ft, marking a decrease of 33%. The subsequent revisions in 2023 and 2024 saw the value return to Rs 300 per sq.ft, with no change from the previous year, reflecting a 49% increase from the 2017 figure.

It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 300 per sq.ft.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Cement Road (Panchayat Road) is below this median value.

Stamp duty and registration fee for property in Cement Road (Panchayat Road)

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 details.

Which Sub Registrar Office covers Cement Road (Panchayat Road)?

The Cement Road (Panchayat Road) is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Vanchuvancheri

The guideline value plays a crucial role during the registration of property transactions in Vanchuvancheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence the transaction price. Buyers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Cement Road (Panchayat Road)?

The current guideline value of Cement Road (Panchayat Road) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 300 per sq.ft. The value was Rs 201 per sq.ft in 2017, marking a 49% increase from that figure in the latest revision.

What is the land classification for Cement Road (Panchayat Road)?

Cement Road (Panchayat Road) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Cement Road (Panchayat Road)?

The Sub Registrar Office covering Cement Road (Panchayat Road) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vanchuvancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000, leading to specific stamp duty and registration fees as detailed earlier.