Guideline Value for Mayana Veethi / Amman Koil Street

Mayana Veethi / Amman Koil Street guideline value

The current guideline value of Mayana Veethi / Amman Koil Street is Rs 1,000 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Mayana Veethi / Amman Koil Street has changed

Over the years, the guideline value of Mayana Veethi / Amman Koil Street has seen several revisions. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. In contrast, the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 122%. Overall, from 2007 to 2023, the guideline value has increased by 122%.

Guideline values in Vandalur

Currently, there are no specific guideline values for other streets in Vandalur under the Gooduvancheri SRO. Mayana Veethi / Amman Koil Street is the only street mentioned.

Stamp duty and registration fee for property in Mayana Veethi / Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mayana Veethi / Amman Koil Street?

The Gooduvancheri Sub Registrar Office covers Mayana Veethi / Amman Koil Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Mayana Veethi / Amman Koil Street?

The current guideline value of Mayana Veethi / Amman Koil Street is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Mayana Veethi / Amman Koil Street?

Mayana Veethi / Amman Koil Street is classified as Residential Class II Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,000.