Guideline Value for VEPERY CHURCH ROAD

Vepery Church Road guideline value

The current guideline value of Vepery Church Road is Rs 7,000 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - IV.

How the guideline value of Vepery Church Road has changed

The guideline value register for Vepery Church Road shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 7,000 per sq.ft.

Since there are no recorded figures for previous years, the current value stands alone without any comparative changes from past revisions. The 2024 revision marks the first recorded guideline value for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Vepery Church Road's 2024 figure of Rs 7,000 per sq.ft is above the median.

• Vethiyan Cheri: Rs 2,200 per sq.ft (2024)
• Vichur Muthiah Mudali Street: Rs 5,500 per sq.ft (2024)
• Venkatesa Pakthan Street: Rs 5,500 per sq.ft (2024)
• Venkatesan Street: Rs 5,500 per sq.ft (2024)
• Venkatesan Naicken Lane: Rs 5,500 per sq.ft (2024)
• Venkatathiri Naicken Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vepery Church Road

For a 1,000 sq.ft plot at the current rate of Rs 7,000 per sq.ft, the guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, totaling Rs 6,30,000. Please 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 calculations.

Which Sub Registrar Office covers Vepery Church Road?

The Sub Registrar Office that covers Vepery Church Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Purasaivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for completing the transaction legally.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Ensuring compliance with the guideline value helps in avoiding legal issues during property registration.

Frequently asked questions

What is the current guideline value of Vepery Church Road?

The current guideline value of Vepery Church Road is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Vepery Church Road. The only recorded guideline value is from the 2024 revision.

What is the land classification for Vepery Church Road?

The land classification for Vepery Church Road is Residential Class II Type - IV, indicating its designated use for residential purposes.

How does the guideline value compare to other streets in Purasaivakkam?

The guideline value of Vepery Church Road at Rs 7,000 per sq.ft is above the median value of Rs 5,500 per sq.ft for the 519 streets in Purasaivakkam under the Purasaivakkam SRO.

Where can I find the Sub Registrar Office for Vepery Church Road?

The Sub Registrar Office for Vepery Church Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information by visiting the relevant link.