Guideline Value for VELLIVITHAIAR STREET (WARD -6)

Vellivithaiar Street (Ward -6) guideline value

The current guideline value of Vellivithaiar Street (Ward -6) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO with a land classification of Residential Special Type - II.

How the guideline value of Vellivithaiar Street (Ward -6) has changed

The guideline value for Vellivithaiar Street (Ward -6) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, the value rebounded significantly to Rs 1,800 per sq.ft in the 2023 revision and then increased to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Vellivithaiar Street's 2024 figure above that median.

• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Veeramamunivar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 660 per sq.ft (2024)
• Vasukiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Vellivithaiar Street (Ward -6)

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 be 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 the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Vellivithaiar Street (Ward -6)?

The Sub Registrar Office that covers Vellivithaiar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Ninna Karai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Ninna Karai.

Frequently asked questions

What is the current guideline value of Vellivithaiar Street (Ward -6)?

The current guideline value of Vellivithaiar Street (Ward -6) 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 is the land classification for Vellivithaiar Street (Ward -6)?

Vellivithaiar Street (Ward -6) has a land classification of Residential Special Type - II.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, and Vellivithaiar Street's 2024 figure of Rs 1,980 per sq.ft is above this median.

Where can I find the Sub Registrar Office for Vellivithaiar Street (Ward -6)?

The Chengleput Joint II Sub Registrar Office, which covers Vellivithaiar Street (Ward -6), is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.