Guideline Value for NEW VAZHAIMA NAGAR 4TH STREET

New Vazhaima Nagar 4th Street guideline value

The current guideline value of New Vazhaima Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of New Vazhaima Nagar 4th Street has changed

The guideline value for New Vazhaima Nagar 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a change of +257%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an increase of +8% from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +286%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of New Vazhaima Nagar 4th Street.

• New Vazhaima Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in New Vazhaima Nagar 4th 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 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.

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

Which Sub Registrar Office covers New Vazhaima Nagar 4th Street?

The Sub Registrar Office covering New Vazhaima Nagar 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value is referenced to assess the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which may influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for New Vazhaima Nagar 4th Street?

The current guideline value for New Vazhaima Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 2,700 per sq.ft in 2024, which is an overall increase of +286%.

What is the land classification for New Vazhaima Nagar 4th Street?

New Vazhaima Nagar 4th Street is classified as Residential Class III Type - II.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

Which office handles registrations for New Vazhaima Nagar 4th Street?

The Purasaivakkam Sub Registrar Office handles registrations for New Vazhaima Nagar 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.