Guideline Value for Dr.Ansari KanagarajaThottam

Dr.Ansari KanagarajaThottam guideline value

The current guideline value for Dr.Ansari KanagarajaThottam 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 Dr.Ansari KanagarajaThottam has changed

The guideline value for Dr.Ansari KanagarajaThottam has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, marking an 8% increase 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 figures listed for this street in the register.

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 of Rs 4,800 per sq.ft. The guideline value for Dr.Ansari KanagarajaThottam is below this median. Other streets in Vepery include:

• Dr.Ansari 2nd lane: Rs 2,700 per sq.ft (2024)
• Dr.Ansari 1st Lane: 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 KanagarajaThottam

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 the 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 precise calculations.

Which Sub Registrar Office covers Dr.Ansari KanagarajaThottam?

The Sub Registrar Office that covers Dr.Ansari KanagarajaThottam is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

When buying or selling property in Vepery, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Buyers and sellers must be aware that the guideline value can influence the overall cost of property transactions. It is advisable to consult the latest guidelines to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value for Dr.Ansari KanagarajaThottam?

The current guideline value for Dr.Ansari KanagarajaThottam 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, marking an overall increase of 238% over the years.

What are the stamp duty and registration fees for a property in this area?

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 this street?

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

What is the land classification for Dr.Ansari KanagarajaThottam?

Dr.Ansari KanagarajaThottam is classified as Residential Class IV Type - I.