Guideline Value for VEERAPANDIYA NAGAR 4TH STREET

Veerapandiya Nagar 4th Street guideline value

The current guideline value of Veerapandiya Nagar 4th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Veerapandiya Nagar 4th Street has changed

The guideline value for Veerapandiya Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,600 per sq.ft in 2012, followed by a decrease to Rs 3,082 per sq.ft in 2017. In 2023, the value rose to Rs 4,600 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,000 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 was 9%. The overall increase from the 2007 revision to the current 2024 value stands at 317%. The fluctuations in the guideline value reflect changes in the local real estate landscape over the years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as per the 2024 revision. The median value for these streets is Rs 5,800 per sq.ft, placing Veerapandiya Nagar 4th Street's value below that median.

• Veerapandiya Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Veerapandiya Nagar 5th Street: Rs 5,000 per sq.ft (2024)
• Veerapandiya Nagar 3rd Cross Street (West): Rs 5,000 per sq.ft (2024)
• Veerapandiya Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Veerapandiya Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Veerapandiya Nagar 1st Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapandiya Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the 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 Veerapandiya Nagar 4th Street?

The Sub Registrar Office that covers Veerapandiya Nagar 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, reflecting the current market conditions. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Veerapandiya Nagar 4th Street?

The current guideline value of Veerapandiya Nagar 4th Street is Rs 5,000 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 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What is the registration office for Veerapandiya Nagar 4th Street?

The registration office for Veerapandiya Nagar 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

What is the land classification for Veerapandiya Nagar 4th Street?

Veerapandiya Nagar 4th Street is classified as Residential Class III Type - I, indicating its suitability for residential development.