Guideline Value for Veeramamunivar Street

Veeramamunivar Street guideline value

The current guideline value of Veeramamunivar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Veeramamunivar Street has changed

The guideline value for Veeramamunivar Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,200 per sq.ft, reflecting a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Veeramamunivar Street's 2024 figure is below this median.

• Vazhuthalai Medu Road: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 4th Cross Street: Rs 2,700 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Veeramamunivar Street?

The Sub Registrar Office covering Veeramamunivar Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark to calculate these costs, ensuring that the transaction is registered at a fair value as per government regulations.

It is important to note that the guideline value may differ from the actual sale price of the property. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veeramamunivar Street?

The current guideline value of Veeramamunivar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024.

What is the land classification of Veeramamunivar Street?

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

What are the stamp duty and registration fees for property in Veeramamunivar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Veeramamunivar Street?

The Madhavaram Sub Registrar Office handles registrations for Veeramamunivar Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.