Guideline Value for VELAMMAL RESIDENCY PHASE -IV

Velammal Residency Phase -IV guideline value

The current guideline value of Velammal Residency Phase -IV is Rs 800 per sq.ft. It is located in Thachoor_2 village under the Ponneri SRO, classified as Residential Special Type - I.

How the guideline value of Velammal Residency Phase -IV has changed

According to the register, there have been several revisions for the guideline value of Velammal Residency Phase -IV. The most recent revision was in 2024, where the value was set at Rs 800 per sq.ft, effective from 1 July 2024. The previous revision in 2023 also recorded the guideline value at Rs 800 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 800 per sq.ft. This consistency indicates stability in the valuation for this property over the recent years.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. Velammal Residency Phase -IV's guideline value of Rs 800 per sq.ft is above this median.

• Velammal Residencyphase III: Rs 800 per sq.ft (2024)
• Velammal Vidhya Residency: Rs 600 per sq.ft (2024)
• Velammal Residencyphase II: Rs 800 per sq.ft (2024)
• Velammal Recidency: Rs 400 per sq.ft (2024)
• Velammal Garden Phase I,II&iii: Rs 400 per sq.ft (2024)
• Velammal Garden Extention: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Velammal Residency Phase -IV

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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 fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velammal Residency Phase -IV?

The Sub Registrar Office that covers Velammal Residency Phase -IV is 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_2

The guideline value is a crucial factor during the registration of property transactions in Thachoor_2. It serves as the baseline value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Velammal Residency Phase -IV?

The current guideline value of Velammal Residency Phase -IV 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 in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Velammal Residency Phase -IV?

Velammal Residency Phase -IV is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a property in Velammal Residency Phase -IV, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 72,000.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the area, including Velammal Residency Phase -IV.