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 Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

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

The guideline value for Veeran Alagumuthu Cone (Ward -8) has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and further rose to Rs 1,760 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The changes between the revisions are notable, with a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Veeran Alagumuthu Cone (Ward -8) above this median at Rs 1,760 per sq.ft.

• Veeramamunivar Street (Ward -4): Rs 1,320 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 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 our stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the fees based on the property's size and location. It is essential for both parties to understand this value to avoid any discrepancies in the registration process.

Frequently asked questions

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

The current guideline value for 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 for Veeran Alagumuthu Cone (Ward -8)?

Veeran Alagumuthu Cone (Ward -8) is classified as Residential Special Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the stamp duty for property transactions in Veeran Alagumuthu Cone (Ward -8)?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200.