Guideline Value for Vedhapureeshwarar Koil Street

Vedhapureeshwarar Koil Street guideline value

The current guideline value of Vedhapureeshwarar 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 Koil Street has changed

The guideline value of Vedhapureeshwarar Koil Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This value remained until the next revision in 2017, where it decreased to Rs 938 per sq.ft, marking a decline of 33%. Subsequently, the value increased significantly to Rs 1,400 per sq.ft in 2023, and again rose to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 value to the 2024 value is an increase of 10%.

Guideline values in Thiruverkadu

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

• Vedhapureeshwarar Cross 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 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 would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800. Together, the total cost for these fees would be Rs 1,38,600. 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 Vedhapureeshwarar Koil Street?

The Sub Registrar Office that covers Vedhapureeshwarar 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 plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vedhapureeshwarar Koil Street?

The current guideline value of Vedhapureeshwarar 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 increased 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 for Vedhapureeshwarar Koil Street?

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

Where can I find the registration office for this street?

The registration office for Vedhapureeshwarar 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 guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,07,800.