Guideline Value

Corporate

Guideline Value for VADANOOMBAL CHERRY

₹2970/sq.ft.

The guideline value for Vadanoombal Cherry in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vadanoombal Cherry

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Vadanoombal Cherry guideline value

The current guideline value of Vadanoombal Cherry in Perumalagaram village is Rs 2,970 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Vadanoombal Cherry has changed

The guideline value for Vadanoombal Cherry has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking an 800% rise. However, it then decreased to Rs 1,809 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 2,700 per sq.ft in 2023, followed by a further increase to Rs 2,970 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 890%. The changes between each revision highlight the fluctuations in property valuation over the years, reflecting the evolving landscape of the real estate market in this area.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, placing Vadanoombal Cherry's 2024 figure below that median. Here are some other streets in Perumalagaram:

Stamp duty and registration fee for property in Vadanoombal Cherry

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the guideline value would be Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadanoombal Cherry?

The Sub Registrar Office that covers Vadanoombal Cherry is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Perumalagaram. It serves as a reference point for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions.

When registering a property, the guideline value is compared to the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees. This process ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vadanoombal Cherry?

The current guideline value of Vadanoombal Cherry is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 300 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, with an 800% rise.

What is the median guideline value in Perumalagaram?

The median guideline value in Perumalagaram is Rs 3,190 per sq.ft, which is higher than the current guideline value of Vadanoombal Cherry.

What are the stamp duty and registration fees for a property in Vadanoombal Cherry?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registrations in Vadanoombal Cherry?

The Chennai South Joint II Sub Registrar Office handles property registrations for Vadanoombal Cherry, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.