Guideline Value for Veetrirundha perumal koil street

Veetrirundha perumal koil street guideline value

The current guideline value of Veetrirundha perumal koil street is Rs 1,100 per sq.ft. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Veetrirundha perumal koil street has changed

The guideline value for Veetrirundha perumal koil street has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, this value decreased to Rs 670 per sq.ft in the 2017 revision, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. From the 2017 revision to the 2023 revision, the guideline value increased by 49%, and overall, from 2007 to 2024, it has increased by 450%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which means that the guideline value for Veetrirundha perumal koil street is below this median.

• Vasa nagar: Rs 1,100 per sq.ft (2024)
• Venkateswara nagar: Rs 1,100 per sq.ft (2024)
• Venus Avenue: Rs 1,100 per sq.ft (2024)
• Venus nagar: Rs 1,100 per sq.ft (2024)
• Venus nagar verivakkam: Rs 1,100 per sq.ft (2024)
• Vaithee Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Veetrirundha perumal koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veetrirundha perumal koil street?

The Sub Registrar Office that covers Veetrirundha perumal koil street 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 Thirumazhisai

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Veetrirundha perumal koil street?

The current guideline value of Veetrirundha perumal koil 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, reflecting an overall increase of 450% over the years.

What is the land classification for Veetrirundha perumal koil street?

Veetrirundha perumal koil street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Veetrirundha perumal koil street?

The Sub Registrar Office for Veetrirundha perumal koil street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur total fees of Rs 99,000.