Guideline Value for VEERAN ALAGUMUTHU CONE (WARD -8)

Veeran Alagumuthu Cone (Ward -8) guideline value

The current guideline value of Veeran Alagumuthu Cone (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - III.

How the guideline value of Veeran Alagumuthu Cone (Ward -8) has changed

The guideline value for Veeran Alagumuthu Cone has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Veeran Alagumuthu Cone's 2024 figure above this median.

• Veeramamunivar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,321 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 1,321 per sq.ft (2024)
• Vasantham Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Veeran Alagumuthu Cone (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Veeran Alagumuthu Cone (Ward -8)?

The Sub Registrar Office that covers Veeran Alagumuthu Cone (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, click here.

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

The guideline value plays a crucial role during property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone looking to register property in Ninna Karai. It ensures that all parties involved are aware of the financial obligations tied to the transaction, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Veeran Alagumuthu Cone (Ward -8)?

The current guideline value of Veeran Alagumuthu Cone (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification of Veeran Alagumuthu Cone (Ward -8)?

The land classification for Veeran Alagumuthu Cone (Ward -8) is Residential Special Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.