Guideline Value for Veeterirundha perumal

Veeterirundha perumal guideline value

The current guideline value of Veeterirundha perumal is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Madavilagam village under the Poonamallee SRO, classified as Residential Class III Type - I.

How the guideline value of Veeterirundha perumal has changed

In the 2007 revision, the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 300% rise. However, the guideline value saw a decrease of 33% to Rs 402 per sq.ft in the 2017 revision. The value then rose to Rs 600 per sq.ft in the 2023 revision, followed by a further increase of 10% to reach Rs 660 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO with a guideline value for 2024 ranging from Rs 660 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Veeterirundha perumal is below this median.

• Vetri Garden Annex: Rs 1,100 per sq.ft (2024)
• Thirumazhisai Garden: Rs 2,200 per sq.ft (2024)
• Thenndaimada veethi 169/1,2: Rs 1,100 per sq.ft (2024)
• Shanmugapuram sandhu 169/1,2: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 3street 155/3: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 2street 155/3: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Veeterirundha perumal

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Veeterirundha perumal?

The Sub Registrar Office covering Veeterirundha perumal is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an essential reference for determining the stamp duty and registration fees when buying or selling property in Madavilagam. It ensures that the transaction is recorded at a value that reflects the current market conditions as set by the registration department.

When a property is registered, the guideline value is used to calculate the applicable fees, which are mandatory for the legal transfer of property. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Veeterirundha perumal?

The current guideline value of Veeterirundha perumal is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 150 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the classification of land in Veeterirundha perumal?

Veeterirundha perumal is classified as Residential Class III Type - I under the Poonamallee SRO.

Where can I find the Sub Registrar Office for Veeterirundha perumal?

The Sub Registrar Office for Veeterirundha perumal is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the stamp duty calculated for properties in Veeterirundha perumal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.