Guideline Value for PHAKIRATHI AMMAN STREET

Phakirathi Amman Street guideline value

The current guideline value of Phakirathi Amman Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Phakirathi Amman Street has changed

The guideline value for Phakirathi Amman Street has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a 767% rise. However, between 2012 and 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. From 2017 to 2023, it rose again to Rs 1,300 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 maintains this value at Rs 1,300 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for Phakirathi Amman Street for the years 2002 and 2003.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Phakirathi Amman Street's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• Pillaiyar Koil Street: Rs 1,000 per sq.ft (2024)
• Periyar Street: Rs 1,300 per sq.ft (2024)
• Ponnappar Street: Rs 1,000 per sq.ft (2024)
• Ponnuswamy Naickar Street: Rs 1,300 per sq.ft (2024)
• POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM): Rs 2,000 per sq.ft (2024)
• Poonthaleer Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Phakirathi Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Phakirathi Amman Street?

The Sub Registrar Office that covers Phakirathi Amman Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengathur. 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 sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Phakirathi Amman Street?

The current guideline value of Phakirathi Amman Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and returned to Rs 1,300 per sq.ft in 2023 and 2024.

What is the land classification for Phakirathi Amman Street?

Phakirathi Amman Street is classified as Commercial Class I Type - III under the current guideline value register.

Where can I find the Sub Registrar Office for Phakirathi Amman Street?

The Sub Registrar Office for Phakirathi Amman Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Phakirathi Amman Street?

Stamp duty for properties in Phakirathi Amman Street is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.