Guideline Value for Veeramamunivar Street

Veeramamunivar Street guideline value

The current guideline value of Veeramamunivar Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Veeramamunivar Street has changed

The guideline value for Veeramamunivar Street has seen several revisions over the years. The earliest revision available is from 2012, where the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. However, in the 2023 revision, the value increased to Rs 750 per sq.ft, and then further rose to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current guideline value of Veeramamunivar Street.

• Valmiki Street: Rs 830 per sq.ft (2024)
• Vallalar Street: Rs 830 per sq.ft (2024)
• Vgk Green City: Rs 1,770 per sq.ft (2024)
• Vgk Green City Phase-II: Rs 1,770 per sq.ft (2024)
• Victory Farm Land: Rs 550 per sq.ft (2024)
• T.V.Srinivasan Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Veeramamunivar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total to Rs 74,700. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veeramamunivar Street?

The Sub Registrar Office that covers Veeramamunivar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall transaction cost. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Veeramamunivar Street?

The current guideline value of Veeramamunivar Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification of Veeramamunivar Street?

Veeramamunivar Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Veeramamunivar Street?

The Sub Registrar Office for Veeramamunivar Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties on Veeramamunivar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 at a rate of 7%.