Guideline Value for VELAMMAL VIDHYA RESIDENCY

Velammal Vidhya Residency guideline value

The current guideline value of Velammal Vidhya Residency is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Thachoor_2 village under the Ponneri SRO, classified as Residential Special Type - II.

How the guideline value of Velammal Vidhya Residency has changed

The guideline value for Velammal Vidhya Residency has remained consistent at Rs 600 per sq.ft in both the 2023 and 2024 revisions. Prior to this, there are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value reflects a 0% change from the 2023 revision, indicating stability in the valuation for this property. The lack of figures in earlier revisions suggests that the current guideline value is a recent establishment for this specific street.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with the median being Rs 600 per sq.ft. Velammal Vidhya Residency's guideline value aligns with this median.

• Velammal Residency Phase -IV: Rs 800 per sq.ft (2024)
• Velammal Residencyphase III: Rs 800 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 Vidhya Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Velammal Vidhya Residency?

The Velammal Vidhya Residency 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_2

The guideline value is an essential factor when registering property transactions in Thachoor_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation of the property as per the local regulations.

Frequently asked questions

What is the current guideline value of Velammal Vidhya Residency?

The current guideline value of Velammal Vidhya Residency is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Velammal Vidhya Residency?

Velammal Vidhya Residency is classified as Residential Special Type - II, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

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 the registration of properties in the area.