Guideline Value for VASUKIYAR STREET (WARD -7)

Vasukiyar Street (Ward -7) guideline value

The current guideline value of Vasukiyar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Vasukiyar Street (Ward -7) has changed

Looking back at the revisions, the guideline value for Vasukiyar Street was Rs 804 per sq.ft in 2017. It increased to Rs 1,200 per sq.ft in 2012, reflecting a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 saw an increase to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Vasukiyar Street's 2024 figure above this median.

• Vasantham Nagar (Kr): Rs 661 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Vanchinathan Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vasukiyar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasukiyar Street (Ward -7)?

The Sub Registrar Office that covers Vasukiyar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Vasukiyar Street (Ward -7)?

The current guideline value of Vasukiyar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and now to Rs 1,320 per sq.ft in 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Vasukiyar Street (Ward -7)?

The land classification for Vasukiyar Street (Ward -7) is Residential Special Type - V. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for a property in Vasukiyar Street (Ward -7)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, with a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Vasukiyar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles registrations for Vasukiyar Street (Ward -7). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.