Guideline Value for VEMBUILAMMAN KOIL STREET

Vembuilamman Koil Street guideline value

The current guideline value of Vembuilamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Moolacheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Vembuilamman Koil Street has changed

The guideline value for Vembuilamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. In 2017, this figure decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Moolacheri

In Moolacheri village, there are 17 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median value of these streets is Rs 2,710 per sq.ft, indicating that Vembuilamman Koil Street's 2024 figure is below the median.

• Vettri Nagar: Rs 1,980 per sq.ft (2024)
• Vgn Brillianze: Rs 4,400 per sq.ft (2024)
• VGN BRILLIANZE P-ii: Rs 3,520 per sq.ft (2024)
• Sri Selva Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Serene Avenue: Rs 4,400 per sq.ft (2024)
• Sathyam Golden Nest: Rs 2,710 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuilamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vembuilamman Koil Street?

The Sub Registrar Office that covers Vembuilamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Moolacheri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Vembuilamman Koil Street?

The current guideline value of Vembuilamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% rise. Overall, from 2012 to 2024, the value has increased by 10%.

What is the classification of Vembuilamman Koil Street?

Vembuilamman Koil Street is classified as Residential Class I Type - II, indicating its designation for residential use within the Pallavaram SRO jurisdiction.

Where can I find the registration office for Vembuilamman Koil Street?

The registration office for Vembuilamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Moolacheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.