Guideline Value for VEMBULI AMMAN KOIL 2ND CROSS STREET.

Vembuli Amman Koil 2nd Cross Street. guideline value

The current guideline value for Vembuli Amman Koil 2nd Cross Street. is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Vembuli Amman Koil 2nd Cross Street. has changed

The guideline value for Vembuli Amman Koil 2nd Cross Street. has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The value then increased to Rs 1,500 per sq.ft in the 2012 revision, before rising to Rs 1,500 per sq.ft in 2023. The most recent 2024 revision has set the guideline value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 13%. It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Vembuli Amman Koil 2nd Cross Street. is below this median.

• Vembuli Amman Koil 3rd Cross Street.: Rs 1,700 per sq.ft (2024)
• Vembuli Amman Koil 1st Cross Street.: Rs 1,700 per sq.ft (2024)
• Vembuli Amman Koil Street.: Rs 1,700 per sq.ft (2024)
• Vellaikeni Kulam Street: Rs 2,200 per sq.ft (2024)
• Veeramani Salai Main Road: Rs 3,300 per sq.ft (2024)
• Veeramani Main Salai 4th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuli Amman Koil 2nd Cross Street.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 Vembuli Amman Koil 2nd Cross Street.?

The Vembuli Amman Koil 2nd Cross Street. is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value for Vembuli Amman Koil 2nd Cross Street.?

The current guideline value for Vembuli Amman Koil 2nd Cross Street. is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, reflecting a 13% increase. The value was Rs 1,005 per sq.ft in 2017, which increased by 49% to Rs 1,500 per sq.ft in 2023.

What is the land classification for Vembuli Amman Koil 2nd Cross Street.?

Vembuli Amman Koil 2nd Cross Street. is classified as Residential Class IV Type - II.

What is the median guideline value for streets in Palavakkam?

The median guideline value for streets in Palavakkam is Rs 3,300 per sq.ft, while Vembuli Amman Koil 2nd Cross Street. has a guideline value below this median.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.