Guideline Value for Sait Mohan lal sowcar street

Sait Mohan lal sowcar street guideline value

The current guideline value of Sait Mohan lal sowcar street is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class II Type - II.

How the guideline value of Sait Mohan lal sowcar 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, where it rose to Rs 4,500 per sq.ft, marking an increase of 463%. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 4,500 per sq.ft, followed by a further increase to Rs 4,800 per sq.ft in the 2024 revision, reflecting a 7% rise from the previous year. The register has no 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, with a median value of Rs 4,800 per sq.ft. Sait Mohan lal sowcar street's 2024 guideline value aligns with this median.

• Sait Jaswanmal Sowcar Street: Rs 4,800 per sq.ft (2024)
• Sait Bakwath Paith Varmal Sowcar Street: Rs 4,800 per sq.ft (2024)
• Salai Street: Rs 11,500 per sq.ft (2024)
• Sami Lane: Rs 6,000 per sq.ft (2024)
• Sami MudaliStreet: Rs 6,000 per sq.ft (2024)
• Sami nathan Gramani Street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sait Mohan lal sowcar street

For a 1,000 sq.ft plot at the current rate of Rs 4,800 per sq.ft, the guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, totaling Rs 4,32,000. It is important to note that 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 Sait Mohan lal sowcar street?

The Sub Registrar Office that covers Sait Mohan lal sowcar street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Vepery, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Buyers and sellers should be aware that the guideline value is subject to periodic revisions, which can affect the costs associated with property transactions. It is advisable to check the latest guideline values before proceeding with any property deals.

Frequently asked questions

What is the current guideline value of Sait Mohan lal sowcar street?

The current guideline value of Sait Mohan lal sowcar street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the land classification for Sait Mohan lal sowcar street?

Sait Mohan lal sowcar street is classified as Residential Class II Type - II.

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

The Sub Registrar Office for Sait Mohan lal sowcar street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 48,00,000, the stamp duty would be calculated at 7% of that amount.