Guideline Value for Rottikindagu Thiruvengada MudaliStreet

Rottikindagu Thiruvengada MudaliStreet guideline value

The current guideline value for Rottikindagu Thiruvengada MudaliStreet is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Rottikindagu Thiruvengada MudaliStreet has changed

The guideline value for Rottikindagu Thiruvengada MudaliStreet has seen several revisions over the years. In 2007, the value was Rs 6,000 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012. However, it decreased to Rs 4,690 per sq.ft in 2017, marking a decline of 33%. The value then rose significantly to Rs 7,000 per sq.ft in 2023, and most recently, it increased by 10% to Rs 7,700 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 28%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, 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 guideline value for these streets is Rs 4,800 per sq.ft, placing Rottikindagu Thiruvengada MudaliStreet's 2024 figure above that median.

• Ritherdon Road: Rs 8,800 per sq.ft (2024)
• Ritherdon Avenue: Rs 8,800 per sq.ft (2024)
• Sait Bakwath Paith Varmal Sowcar Street: Rs 4,800 per sq.ft (2024)
• Sait Jaswanmal Sowcar Street: Rs 4,800 per sq.ft (2024)
• Sait Mohan lal sowcar street: Rs 4,800 per sq.ft (2024)
• Ramu Pillai Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rottikindagu Thiruvengada MudaliStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rottikindagu Thiruvengada MudaliStreet?

The Sub Registrar Office that covers Rottikindagu Thiruvengada MudaliStreet 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 a crucial factor when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rottikindagu Thiruvengada MudaliStreet?

The current guideline value of Rottikindagu Thiruvengada MudaliStreet is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In recent years, the guideline value has changed from Rs 4,690 per sq.ft in 2017 to Rs 7,000 per sq.ft in 2023, and then to Rs 7,700 per sq.ft in 2024. This reflects an increase of 49% from 2017 to 2023 and a further increase of 10% from 2023 to 2024.

What is the land classification of Rottikindagu Thiruvengada MudaliStreet?

The land classification for Rottikindagu Thiruvengada MudaliStreet is Commercial Class I Type - II. This classification indicates the type of development that is permissible in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Rottikindagu Thiruvengada MudaliStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Rottikindagu Thiruvengada MudaliStreet?

Stamp duty for properties in Rottikindagu Thiruvengada MudaliStreet is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at 7%.