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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value for Vellivithaiar Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,800 per sq.ft, and the most recent 2024 revision set the guideline value at Rs 1,980 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

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 value for these streets is Rs 1,100 per sq.ft, placing Vellivithaiar Street's 2024 guideline value above this 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 1,320 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 661 per sq.ft (2024)
• Vasukiyar Street (Ward -7): Rs 1,320 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 amounts to 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 duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Peramanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is officially recorded with the appropriate authorities.

Frequently asked questions

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

The current guideline value for 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 increased 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?

The land classification for Vellivithaiar Street (Ward -6) is Residential Special Type - II.

What are the other guideline values in Peramanoor?

Other streets in Peramanoor have varying guideline values, with the lowest at Rs 550 per sq.ft and the highest at Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for Vellivithaiar Street?

The Sub Registrar Office for Vellivithaiar Street (Ward -6) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepud registration zone.