Guideline Value for VEL 'S DOCTRS METRO POLIS

Vel 's Doctrs Metro Polis guideline value

The current guideline value of Vel 's Doctrs Metro Polis is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor village, under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Vel 's Doctrs Metro Polis has changed

The guideline value for Vel 's Doctrs Metro Polis has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,980 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. It should be noted that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Vel 's Doctrs Metro Polis above this median.

• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 661 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Venkateswaran Nagar (Per): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Vel 's Doctrs Metro Polis

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Vel 's Doctrs Metro Polis?

The Sub Registrar Office that covers Vel 's Doctrs Metro Polis is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. To find your specific SRO, you can visit this link.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Vel 's Doctrs Metro Polis?

The current guideline value of Vel 's Doctrs Metro Polis is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Vel 's Doctrs Metro Polis?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value would be Rs 19,80,000, resulting in a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.

Which office handles property registration for Vel 's Doctrs Metro Polis?

The Chengleput Joint II Sub Registrar Office handles property registration for Vel 's Doctrs Metro Polis, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate financial planning for registration.