Guideline Value for VEERAKAVIRAYAR STREET (WARD -4)

Veerakavirayar Street (Ward -4) guideline value

The current guideline value of Veerakavirayar Street (Ward -4) 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 Veerakavirayar Street (Ward -4) has changed

The guideline value for Veerakavirayar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged in the 2017 revision, which saw a decrease of 33% to Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Veerakavirayar 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 a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Veerakavirayar Street's 2024 figure above this median.

• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Vasukiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vasantham Nagar (Kr): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Veerakavirayar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to 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 and the sale price.

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

Which Sub Registrar Office covers Veerakavirayar Street (Ward -4)?

The Sub Registrar Office that covers Veerakavirayar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 when buying or selling property in Peramanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the local registry.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures transparency in property dealings and provides a standard reference point for all transactions.

Frequently asked questions

What is the current guideline value of Veerakavirayar Street?

The current guideline value of Veerakavirayar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Veerakavirayar Street has seen several changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor have varying guideline values, with Veeramamunivar Street and Vasukiyar Street both at Rs 1,320 per sq.ft, while Veeran Alagumuthu Cone is at Rs 1,760 per sq.ft, and Vellivithaiar Street and Vel 's Doctrs Metro Polis are both at Rs 1,980 per sq.ft.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Veerakavirayar Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Veerakavirayar Street (Ward -4). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.