Guideline Value for Veerasamy Ist Street

Veerasamy Ist Street guideline value

The current guideline value of Veerasamy Ist Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Veerasamy Ist Street has changed

The guideline value for Veerasamy Ist Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 4,900 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, the value increased by 275%, but then it decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 shows an increase of 9%. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Veerasamy Ist Street.

• Veerasamy 3rd Street: Rs 4,900 per sq.ft (2024)
• Veerasamy 2nd Street: Rs 4,900 per sq.ft (2024)
• Veerasamy 2nd Lane: Rs 4,400 per sq.ft (2024)
• Veerasamy Street: Rs 4,900 per sq.ft (2024)
• Velankadu Pattai: Rs 4,400 per sq.ft (2024)
• Vellala 2nd Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Veerasamy Ist Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 Veerasamy Ist Street?

The Sub Registrar Office that covers Veerasamy Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on either the guideline value or the sale price, whichever is higher.

When a buyer purchases a property, the guideline value helps ensure transparency and fairness in the transaction. It serves as a benchmark for both parties to understand the value of the property being exchanged, thereby facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Veerasamy Ist Street?

The current guideline value of Veerasamy Ist Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2007, Rs 4,500 per sq.ft in 2012, Rs 3,015 per sq.ft in 2017, Rs 4,500 per sq.ft in 2023, and Rs 4,900 per sq.ft in 2024.

What is the land classification of Veerasamy Ist Street?

Veerasamy Ist Street is classified as Residential Class I Type - III.

Where can I find the registration office for properties in Ayanavaram?

The registration office for properties in Ayanavaram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Veerasamy Ist Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,900 per sq.ft, the stamp duty would be Rs 3,43,000.