Guideline Value for Veedhimari Amman Koil Street(Bharathi Block)

Veedhimari Amman Koil Street(Bharathi Block) guideline value

The current guideline value of Veedhimari Amman Koil Street (Bharathi Block) is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Veedhimari Amman Koil Street(Bharathi Block) has changed

The guideline value for Veedhimari Amman Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which saw a significant increase to Rs 3,750 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again Rs 3,750 per sq.ft. However, in 2024, the guideline value rose to Rs 4,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 413%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft as of 2024. The median guideline value in this area is Rs 4,900 per sq.ft, which means that Veedhimari Amman Koil Street's 2024 figure is below that median.

• Veeraghava Reddy Colony Block 86: Rs 4,100 per sq.ft (2024)
• Vedanayagam Street: Rs 2,200 per sq.ft (2024)
• Vedachalam Street: Rs 4,900 per sq.ft (2024)
• Vedachalam Nagar 5th Street: Rs 4,900 per sq.ft (2024)
• Vedachalam Nagar 4th Street: Rs 4,900 per sq.ft (2024)
• Vedachalam Nagar 3rd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Veedhimari Amman Koil Street(Bharathi Block)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, resulting in a total of Rs 3,69,000. It is important to 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 more details.

Which Sub Registrar Office covers Veedhimari Amman Koil Street(Bharathi Block)?

The Sub Registrar Office that covers Veedhimari Amman Koil Street (Bharathi Block) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government, and it is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of property transactions. The guideline value can affect the overall cost of buying or selling a property, as it influences the fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Veedhimari Amman Koil Street?

The current guideline value of Veedhimari Amman Koil Street (Bharathi Block) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current guideline value of Veedhimari Amman Koil Street.