Guideline Value for V.V.VENKATASUBRAMANIAM SALAI

V.V.Venkatasubramaniam Salai guideline value

The current guideline value of V.V.Venkatasubramaniam Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of V.V.Venkatasubramaniam Salai has changed

The guideline value for V.V.Venkatasubramaniam Salai has seen several revisions over the years. In 2003, the value was Rs 248 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The 2012 revision set the value at Rs 2,000 per sq.ft, but it dropped to Rs 1,340 per sq.ft in 2017. From 2017 to 2023, the value rose significantly to Rs 2,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 787%. The register has no figure for the year 2002 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. V.V.Venkatasubramaniam Salai's 2024 guideline value is above this median.

• V.V.S.Subramaniam Enclave: Rs 3,300 per sq.ft (2024)
• V V V Garden: Rs 3,900 per sq.ft (2024)
• V.V.S.Subramaniam Encalve Salai: Rs 3,300 per sq.ft (2024)
• V.V. Salai: Rs 5,500 per sq.ft (2024)
• V.R.Salai: Rs 2,800 per sq.ft (2024)
• West Gangaiamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in V.V.Venkatasubramaniam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers V.V.Venkatasubramaniam Salai?

The Sub Registrar Office that covers V.V.Venkatasubramaniam Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of V.V.Venkatasubramaniam Salai?

The current guideline value of V.V.Venkatasubramaniam Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 248 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 787% over the years.

What are the stamp duty and registration fees for property in V.V.Venkatasubramaniam Salai?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers V.V.Venkatasubramaniam Salai?

The Neelankarai Sub Registrar Office covers V.V.Venkatasubramaniam Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of V.V.Venkatasubramaniam Salai?

V.V.Venkatasubramaniam Salai is classified as Residential Class II Type - I.