Guideline Value for VENDRASI AMMAN KOIL STREEET EXTENSION

Vendrasi Amman Koil Streeet Extension guideline value

The current guideline value of Vendrasi Amman Koil Streeet Extension is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vendrasi Amman Koil Streeet Extension has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a reduction of 33%. The value then rose significantly to Rs 1,000 per sq.ft in the 2023 revision, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 figure. Notably, the change from 2017 to 2023 reflects a substantial increase of 49%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, indicating that the 2024 guideline value for Vendrasi Amman Koil Streeet Extension is below this median.

• Vendrasi Amman Koil Streeet: Rs 1,100 per sq.ft (2024)
• VENDRASI AMMAN KOIL 1st CROSS STREEET: Rs 1,100 per sq.ft (2024)
• Vembuli Street: Rs 1,100 per sq.ft (2024)
• Velu Street: Rs 1,100 per sq.ft (2024)
• Veerapandia Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Vethapuri Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vendrasi Amman Koil Streeet Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Vendrasi Amman Koil Streeet Extension?

The Vendrasi Amman Koil Streeet Extension falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property in Karapakkam, the guideline value will be used to assess the applicable charges during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with the registration requirements and to avoid any potential discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Vendrasi Amman Koil Streeet Extension?

The current guideline value of Vendrasi Amman Koil Streeet Extension 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Vendrasi Amman Koil Streeet Extension?

Vendrasi Amman Koil Streeet Extension is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Neelankarai Sub Registrar Office located?

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