Guideline Value for Veeran Alagumuthu 1st Street

Veeran Alagumuthu 1st Street guideline value

The current guideline value of Veeran Alagumuthu 1st Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thandalkazhani village, under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Veeran Alagumuthu 1st Street has changed

The guideline value for Veeran Alagumuthu 1st Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 167% increase. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a 33% decline. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent 2024 revision increased it to Rs 880 per sq.ft, a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 193%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thandalkazhani

In Thandalkazhani village, there are 27 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Veeran Alagumuthu 1st Street.

• Veeran Alagumuthu Street: Rs 880 per sq.ft (2024)
• Vadivudaiamman Nagar Main Street: Rs 880 per sq.ft (2024)
• Vetri Nagar: Rs 2,750 per sq.ft (2024)
• Thanigai Nagar: Rs 660 per sq.ft (2024)
• Sri Vadivudai Amman Nagar: Rs 880 per sq.ft (2024)
• Sathya Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Veeran Alagumuthu 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veeran Alagumuthu 1st Street?

The Sub Registrar Office that covers Veeran Alagumuthu 1st Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandalkazhani. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Veeran Alagumuthu 1st Street?

The current guideline value of Veeran Alagumuthu 1st Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Thandalkazhani with similar guideline values?

Other streets in Thandalkazhani with a guideline value of Rs 880 per sq.ft include Veeran Alagumuthu Street, Vadivudaiamman Nagar Main Street, Sri Vadivudai Amman Nagar, and Sathya Nagar.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Thandalkazhani?

Stamp duty for properties in Thandalkazhani is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.