Guideline Value for Veerapandiyakottabomman Street

Veerapandiyakottabomman Street guideline value

The current guideline value of Veerapandiyakottabomman Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Veerapandiyakottabomman Street has changed

The guideline value for Veerapandiyakottabomman Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which was then revised to Rs 1,100 per sq.ft in 2024, marking a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the increase from 2007 to 2012 was substantial at 400%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with the median value being Rs 1,100 per sq.ft. Veerapandiyakottabomman Street's 2024 figure aligns with this median.

• Veerannan Street: Rs 2,200 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Vb Akshaya Nagar: Rs 1,650 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 1,650 per sq.ft (2024)
• Vengatachalapathy Street indira nagar: Rs 1,100 per sq.ft (2024)
• Vengu Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapandiyakottabomman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value totals Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veerapandiyakottabomman Street?

The Sub Registrar Office that covers Veerapandiyakottabomman Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency and fairness in property dealings, as the value is set based on various factors, including location and land classification.

Frequently asked questions

What is the current guideline value of Veerapandiyakottabomman Street?

The current guideline value of Veerapandiyakottabomman Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a decrease and subsequent increases.

What is the land classification for Veerapandiyakottabomman Street?

Veerapandiyakottabomman Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Veerapandiyakottabomman Street located?

The Sub Registrar Office for Veerapandiyakottabomman Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Thiruvallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.