Guideline Value for VEERAVANJINATHA NAGAR 1ST CROSS STREET

Veeravanjinatha Nagar 1st Cross Street guideline value

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

How the guideline value of Veeravanjinatha Nagar 1st Cross Street has changed

The guideline value for Veeravanjinatha Nagar 1st Cross Street has seen significant changes over the years. The earliest recorded figure is from 2002, when the value was Rs 221 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a rise of 13%. The value then jumped to Rs 600 per sq.ft in 2007, showing a substantial increase of 140%. Following this, in 2012, the value was revised to Rs 3,000 per sq.ft, which was a decrease of 400% from the previous figure. In 2017, the value rose again to Rs 2,010 per sq.ft, reflecting an increase of 49%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 3,300 per sq.ft, a rise of 10%.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 1393%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Veeravanjinatha Nagar 1st Cross Street.

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

Stamp duty and registration fee for property in Veeravanjinatha Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 detailed calculations.

Which Sub Registrar Office covers Veeravanjinatha Nagar 1st Cross Street?

The Neelankarai Sub Registrar Office covers Veeravanjinatha Nagar 1st Cross Street. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Perungudi. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers must ensure they are aware of the current guideline value to understand the financial implications of their transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures will be used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Veeravanjinatha Nagar 1st Cross Street?

The current guideline value of Veeravanjinatha Nagar 1st Cross 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 significantly, increasing from Rs 221 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1393%.

What is the registration office for Veeravanjinatha Nagar 1st Cross Street?

The registration office for Veeravanjinatha Nagar 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is stamp duty calculated in Perungudi?

Stamp duty in Perungudi is calculated based on the higher of the guideline value or the sale price. It is typically charged at a rate of 7% of the guideline value.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.