Guideline Value for R.C.VELLIMEDU 1st STREET

R.C.VELLIMEDU 1st STREET guideline value

The current guideline value of R.C.VELLIMEDU 1st STREET is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of R.C.VELLIMEDU 1st STREET has changed

The guideline value for R.C.VELLIMEDU 1st STREET has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, representing a 100% increase. The most recent revision in 2024 shows a slight increase to Rs 101 per sq.ft, which is a 1% change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 102%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value among these streets is Rs 101 per sq.ft, which matches the guideline value of R.C.VELLIMEDU 1st STREET.

• R.C.VELLIMEDU 2st STREET: Rs 101 per sq.ft (2024)
• Ramalingaswamy Koil Street: Rs 101 per sq.ft (2024)
• Puthur Colony: Rs 100 per sq.ft (2024)
• Puthiyamman Koil: Rs 100 per sq.ft (2024)
• School Street: Rs 200 per sq.ft (2024)
• Selvavinayagar Kovil Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in R.C.VELLIMEDU 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total charges to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.C.VELLIMEDU 1st STREET?

The Sub Registrar Office that covers R.C.VELLIMEDU 1st STREET is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of R.C.VELLIMEDU 1st STREET?

The current guideline value of R.C.VELLIMEDU 1st STREET is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 102%, from Rs 50 per sq.ft in 2017 to Rs 101 per sq.ft in 2024.

What are the stamp duty and registration fees for property in R.C.VELLIMEDU 1st STREET?

For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 9,090, which includes stamp duty and registration fees.

Which Sub Registrar Office covers R.C.VELLIMEDU 1st STREET?

The Cheyyur Sub Registrar Office covers R.C.VELLIMEDU 1st STREET, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

Are there other streets with the same guideline value in Cheyyur - A?

Yes, there are other streets in Cheyyur - A, such as R.C.VELLIMEDU 2st STREET and Ramalingaswamy Koil Street, which also have a guideline value of Rs 101 per sq.ft in 2024.