Guideline Value for Saminathan Kiramani lane

Saminathan Kiramani lane guideline value

The current guideline value of Saminathan Kiramani lane is Rs 4,800 per sq.ft. This lane is located in Vepery village, under the Periamet SRO, and is classified as Residential Class II Type - II.

How the guideline value of Saminathan Kiramani lane has changed

The guideline value for Saminathan Kiramani lane has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,800 per sq.ft. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2007 to 2012, there was a substantial increase of 463%. However, the value decreased by 33% from 2012 to 2017. The value saw a significant increase of 49% from 2017 to 2023, followed by a 7% rise from 2023 to 2024. Overall, the guideline value has increased by 500% from 2007 to 2024.

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 value for these streets is Rs 4,800 per sq.ft, which matches the current guideline value for Saminathan Kiramani lane.

• Sami nathan Gramani Street: Rs 4,800 per sq.ft (2024)
• Sami pillai street: Rs 7,000 per sq.ft (2024)
• Sami MudaliStreet: Rs 6,000 per sq.ft (2024)
• Sami Lane: Rs 6,000 per sq.ft (2024)
• Salai Street: Rs 11,500 per sq.ft (2024)
• Sait Mohan lal sowcar street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Saminathan Kiramani lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value would be Rs 48,00,000. The stamp duty, charged at 7%, would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, making the total fees Rs 4,32,000. 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 Saminathan Kiramani lane?

The Sub Registrar Office that covers Saminathan Kiramani lane 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 an essential factor when registering property transactions in Vepery. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Saminathan Kiramani lane?

The current guideline value of Saminathan Kiramani lane 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 significantly from Rs 800 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Saminathan Kiramani lane?

Saminathan Kiramani lane is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Saminathan Kiramani lane?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,36,000 and the registration fee would be Rs 96,000, totaling Rs 4,32,000, based on the current guideline value.

Which office handles property registrations for Saminathan Kiramani lane?

The Periamet Sub Registrar Office handles property registrations for Saminathan Kiramani lane, located at 1103, Poonamallee High Road, Chennai-600 003.