Guideline Value for Play ground 1st street

Play ground 1st street guideline value

The current guideline value of Play ground 1st street in Vepery village under the Periamet SRO is Rs 4,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Play ground 1st street has changed

In the 2007 revision, the guideline value was Rs 800 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 4,500 per sq.ft, which is a change of +463%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, marking a decline of -33%. The 2023 revision then increased the value to Rs 4,500 per sq.ft, and the current 2024 revision has further raised it to Rs 4,900 per sq.ft, showing an increase of +9%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +513%.

Guideline values in Vepery

In Vepery village, 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. The median value is Rs 4,800 per sq.ft, placing Play ground 1st street's 2024 figure above this median.

• Play ground 2nd street: Rs 4,900 per sq.ft (2024)
• Play ground 3rd street: Rs 4,800 per sq.ft (2024)
• Polu Naickenstreet: Rs 6,000 per sq.ft (2024)
• Ponniyamman Koil street: Rs 6,000 per sq.ft (2024)
• Poonamallee High Road: Rs 18,100 per sq.ft (2024)
• Poonappanstreet: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Play ground 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Play ground 1st street?

The Sub Registrar Office that covers Play ground 1st street is 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 crucial when buying or selling property in Vepery, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Play ground 1st street?

The current guideline value of Play ground 1st street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of +513%.

What are the stamp duty and registration fees for property in Play ground 1st street?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,00,000, leading to a stamp duty of Rs 3,43,000 and a registration fee of Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Play ground 1st street?

The Periamet Sub Registrar Office covers Play ground 1st street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Play ground 1st street?

The land classification for Play ground 1st street is Mixed Type - I.