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Guideline Value

Corporate

Guideline Value for Kalyana Venkatesa PerumalKoilStreet

₹4800/sq.ft.

The guideline value for Kalyana Venkatesa Perumalkoilstreet in Vepery village (Periamet SRO, Chennai zone) is Rs 4800 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4800 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 Kalyana Venkatesa Perumalkoilstreet

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Kalyana Venkatesa PerumalKoilStreet guideline value

The current guideline value for Kalyana Venkatesa PerumalKoilStreet is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification is Residential Class II Type - II.

How the guideline value of Kalyana Venkatesa PerumalKoilStreet has changed

The guideline value for Kalyana Venkatesa PerumalKoilStreet has undergone several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, a substantial increase of 49% from the previous revision.

The current guideline value stands at Rs 4,800 per sq.ft following the 2024 revision, which is a 7% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 167%.

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 the median being Rs 4,800 per sq.ft. Kalyana Venkatesa PerumalKoilStreet's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Kalyana Venkatesa PerumalKoilStreet

For a 1,000 sq.ft plot at the current rate of Rs 4,800 per sq.ft, the guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, resulting in a total of Rs 4,32,000. 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 more detailed calculations.

Which Sub Registrar Office covers Kalyana Venkatesa PerumalKoilStreet?

The Kalyana Venkatesa PerumalKoilStreet falls under 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 transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalyana Venkatesa PerumalKoilStreet?

The current guideline value of Kalyana Venkatesa PerumalKoilStreet is Rs 4,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,800 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, which is an overall increase of 167%.

What is the land classification for Kalyana Venkatesa PerumalKoilStreet?

Kalyana Venkatesa PerumalKoilStreet is classified as Residential Class II Type - II.

Where can I find the registration office for Kalyana Venkatesa PerumalKoilStreet?

The registration office for Kalyana Venkatesa PerumalKoilStreet 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, if the guideline value is Rs 48,00,000, the stamp duty at 7% would be Rs 3,36,000.