Guideline Value for VELAMMAL CLASSIC CITY ANNEX

Velammal Classic City Annex guideline value

The current guideline value of Velammal Classic City Annex is Rs 800 per sq.ft. This property is located in Thachoor village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Velammal Classic City Annex has changed

The guideline value for Velammal Classic City Annex has remained consistent across the revisions from 2017 to 2024, with the current value set at Rs 800 per sq.ft since the 2017 revision. The 2023 revision also listed the value at Rs 800 per sq.ft, and the same applies for the 2024 revision, which became effective on 1 July 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, there has been no change in the guideline value, maintaining a steady rate of Rs 800 per sq.ft.

Guideline values in Thachoor

In Thachoor, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Velammal Classic City Annex's 2024 guideline value is above this median.

• Velammal Classic City: Rs 800 per sq.ft (2024)
• Velammal Recidency: Rs 400 per sq.ft (2024)
• Velammal Avenue: Rs 400 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Velammal Classic City Annex

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Velammal Classic City Annex?

The Velammal Classic City Annex is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Thachoor. It is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps determine the official value for taxation purposes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Velammal Classic City Annex?

The current guideline value of Velammal Classic City Annex is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since the 2017 revision and has not changed in the subsequent revisions of 2023 and 2024.

What are the other streets in Thachoor and their guideline values?

Other streets in Thachoor under the Ponneri SRO have varying guideline values, with rates ranging from Rs 400 to Rs 800 per sq.ft. Some streets include Velammal Recidency, Velammal Avenue, and Sri Devi Gayathri Nagar, all at Rs 400 per sq.ft.

What is the stamp duty rate for property in Velammal Classic City Annex?

The stamp duty rate for property in Velammal Classic City Annex is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information online.