Guideline Value for VEERAPANDIA KATTAPOMMAN STREET

Veerapandia Kattapomman Street guideline value

The current guideline value of Veerapandia Kattapomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Veerapandia Kattapomman Street has changed

The guideline value for Veerapandia Kattapomman Street has seen several revisions over the years. In 2002, the value was Rs 220 per sq.ft, which increased to Rs 249 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 600 per sq.ft in 2007, a change of +141%. Following that, the value surged to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of +400%. However, it decreased to Rs 2,010 per sq.ft in 2017, a change of -33%. The value then climbed to Rs 3,000 per sq.ft in 2023, followed by the current rate of Rs 3,300 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has risen by +1,400%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Veerapandia Kattapomman Street.

• Veerapandia Kattapomman 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Veerapandia Kattapomman 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Veeramamunivar Street: Rs 5,500 per sq.ft (2024)
• Veeramamunivar 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Veeravanjinatha Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Veeravanjinatha Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapandia Kattapomman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Veerapandia Kattapomman Street?

The Sub Registrar Office that covers Veerapandia Kattapomman Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value set by the authorities.

When buying or selling property, the guideline value helps in establishing a fair and transparent process. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veerapandia Kattapomman Street?

The current guideline value of Veerapandia Kattapomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 220 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +1,400% over the years.

What is the median guideline value in Perungudi?

The median guideline value in Perungudi is Rs 3,300 per sq.ft, which is the same as the current value for Veerapandia Kattapomman Street.

What are the stamp duty and registration fees for property in Veerapandia Kattapomman Street?

The total stamp duty and registration fees for a 1,000 sq.ft plot at the current guideline value would be Rs 2,97,000, which includes a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.

Which Sub Registrar Office covers Veerapandia Kattapomman Street?

The Neelankarai Sub Registrar Office covers Veerapandia Kattapomman Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.