Guideline Value for SANTHOSAPURAM VEERAMAMUNIVAR STREET

Santhosapuram Veeramamunivar Street guideline value

The current guideline value of Santhosapuram Veeramamunivar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Santhosapuram Veeramamunivar Street has changed

The guideline value for Santhosapuram Veeramamunivar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally rose to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the 2024 figure for Santhosapuram Veeramamunivar Street.

• Santhosapuram: Rs 2,700 per sq.ft (2024)
• Sarojini Nagar: Rs 2,700 per sq.ft (2024)
• Saminathapuram: Rs 2,700 per sq.ft (2024)
• Seetthalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Sekkizhar Street: Rs 4,000 per sq.ft (2024)
• Sabari Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosapuram Veeramamunivar 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. Together, the total cost for stamp duty and registration would be Rs 2,43,000. Please 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 Santhosapuram Veeramamunivar Street?

The Sub Registrar Office that covers Santhosapuram Veeramamunivar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value will be used to calculate the applicable fees. It is essential to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Santhosapuram Veeramamunivar Street?

The current guideline value of Santhosapuram Veeramamunivar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Santhosapuram Veeramamunivar Street?

Santhosapuram Veeramamunivar Street falls under the Mixed Type - II land classification.

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

The Selaiyur Sub Registrar Office covers Santhosapuram Veeramamunivar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.