Guideline Value for Vedagiri Mudaliyar Street

Vedagiri Mudaliyar Street guideline value

The current guideline value of Vedagiri Mudaliyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vedagiri Mudaliyar Street has changed

The guideline value for Vedagiri Mudaliyar Street has seen significant changes over the years. In 2002, the guideline value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. By 2007, the value had risen to Rs 360 per sq.ft, reflecting a 58% increase from the previous revision. However, there are no figures available for the revisions in 2012 and 2017.

In 2023, the guideline value was Rs 1,800 per sq.ft, and it increased by 10% to Rs 1,980 per sq.ft in 2024. This represents a substantial increase of 400% from the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 885%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Vedagiri Mudaliyar Street's current guideline value is below this median.

• Vedhagiri Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Vasu Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Vasuki Ammaiyar Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Vasudevan Street/ Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Veeramamunivar Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Veeramani Street / Thriuvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Vedagiri Mudaliyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vedagiri Mudaliyar Street?

The Sub Registrar Office that covers Vedagiri Mudaliyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Vedagiri Mudaliyar Street?

The current guideline value of Vedagiri Mudaliyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly, from Rs 201 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 885%.

What is the land classification for Vedagiri Mudaliyar Street?

Vedagiri Mudaliyar Street is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount of duty is paid during the registration process.