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Guideline Value

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Guideline Value for Demellows Road 2nd lane (Chinna thambi Street)

₹2700/sq.ft.

The guideline value for Demellows Road 2nd Lane (chinna Thambi Street) in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Demellows Road 2nd Lane (chinna Thambi Street)

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Demellows Road 2nd lane (Chinna thambi Street) guideline value

The current guideline value of Demellows Road 2nd lane (Chinna thambi Street) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Demellows Road 2nd lane (Chinna thambi Street) has changed

The guideline value for Demellows Road 2nd lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 150%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose dramatically to Rs 2,500 per sq.ft in 2023, and further increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

Overall, from 2007 to 2024, the guideline value has increased by 170%. The revisions for the years 2002 and 2003 do not have any figures available for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value of Demellows Road 2nd lane is below this median.

Stamp duty and registration fee for property in Demellows Road 2nd lane (Chinna thambi Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Demellows Road 2nd lane (Chinna thambi Street)?

The Sub Registrar Office that covers Demellows Road 2nd lane (Chinna thambi Street) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Vepery. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher of the two values, ensuring that the transaction is recorded accurately according to the prevailing guidelines.

Frequently asked questions

What is the current guideline value of Demellows Road 2nd lane?

The current guideline value of Demellows Road 2nd lane (Chinna thambi Street) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 170% over the years.

What is the land classification of Demellows Road 2nd lane?

Demellows Road 2nd lane is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Demellows Road 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of that amount.