Guideline Value for Vedhapureeshwarar Cross Koil Street

Vedhapureeshwarar Cross Koil Street guideline value

The current guideline value of Vedhapureeshwarar Cross Koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vedhapureeshwarar Cross Koil Street has changed

The guideline value for Vedhapureeshwarar Cross Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This figure was later revised to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

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

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which matches the guideline value for Vedhapureeshwarar Cross Koil Street.

• Vedhapureeshwarar Koil Street: Rs 1,540 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,540 per sq.ft (2024)
• Udhaumkarangal Main Road: Rs 1,760 per sq.ft (2024)
• V.G.N. Temple Town: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Yadhaval Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar Main Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vedhapureeshwarar Cross Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost Rs 1,38,600. 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 Vedhapureeshwarar Cross Koil Street?

The Sub Registrar Office that covers Vedhapureeshwarar Cross Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This helps both buyers and sellers understand the financial implications of their transactions, ensuring that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Vedhapureeshwarar Cross Koil Street?

The current guideline value of Vedhapureeshwarar Cross Koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification of Vedhapureeshwarar Cross Koil Street?

Vedhapureeshwarar Cross Koil Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Vedhapureeshwarar Cross Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at 7%.