Guideline Value for Dr.Ansari 2nd lane

Dr.Ansari 2nd lane guideline value

The current guideline value of Dr.Ansari 2nd lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Dr.Ansari 2nd lane has changed

The guideline value for Dr.Ansari 2nd lane has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 1,675 per sq.ft. The value then rose significantly to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, marking an 8% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 238%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, placing Dr.Ansari 2nd lane's 2024 figure below that median.

• Dr.Ansari 1st Lane: Rs 2,700 per sq.ft (2024)
• Dr.Ansari KanagarajaThottam: Rs 2,700 per sq.ft (2024)
• Dr.Ambedkar Nagar: Rs 2,700 per sq.ft (2024)
• Dilip Nagar: Rs 2,700 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 3,300 per sq.ft (2024)
• Ekambara Kumaragurusamy Street: Rs 13,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Ansari 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr.Ansari 2nd lane?

The Sub Registrar Office that covers Dr.Ansari 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Dr.Ansari 2nd lane?

The current guideline value of Dr.Ansari 2nd lane 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 from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% over the period.

What are the stamp duty and registration fees for properties in Dr.Ansari 2nd lane?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers the area of Dr.Ansari 2nd lane?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, covers Dr.Ansari 2nd lane.

What is the land classification of Dr.Ansari 2nd lane?

Dr.Ansari 2nd lane is classified as Residential Class IV Type - I according to the guidelines set by the local authorities.