Guideline Value for VEERAMAMUNIVAR STREET (WARD -4)

Veeramamunivar Street (Ward -4) guideline value

The current guideline value of Veeramamunivar 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, classified as Residential Special Type - V.

How the guideline value of Veeramamunivar Street (Ward -4) has changed

The guideline value for Veeramamunivar Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 1,200 per sq.ft. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available in the register 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 that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Veeramamunivar Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): 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)
• Vasukiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Vasantham Nagar (Kr): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Veeramamunivar 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 fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Veeramamunivar 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 in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure accurate fee calculations. This helps in understanding the financial implications of the transaction and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Veeramamunivar Street?

The current guideline value of Veeramamunivar 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 has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. It was Rs 804 per sq.ft in 2017, which increased by 49% to the 2023 figure.

What is the land classification for Veeramamunivar Street?

Veeramamunivar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Veeramamunivar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Veeramamunivar Street?

The Chengleput Joint II Sub Registrar Office covers Veeramamunivar Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.