Guideline Value for Velayudha Achary street

Velayudha Achary street guideline value

The current guideline value of Velayudha Achary street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Velayudha Achary street has changed

The guideline value for Velayudha Achary street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in 2012, marking a rise of 260%. However, the value decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 3,600 per sq.ft, followed by the current 2024 revision which increased it to Rs 3,900 per sq.ft, an 8% rise.

There are no figures available for Velayudha Achary street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 290%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, placing Velayudha Achary street's 2024 figure below this median.

• Velayudha chetty 1st lane: Rs 3,900 per sq.ft (2024)
• Velayudha chetty 2nd lane: Rs 3,900 per sq.ft (2024)
• Velayudha chetty 3rd lane: Rs 3,900 per sq.ft (2024)
• Velayudha chetty 4th lane: Rs 3,900 per sq.ft (2024)
• Velayudha chetty street: Rs 3,900 per sq.ft (2024)
• Vembuli amman huts: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Velayudha Achary street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velayudha Achary street?

The Sub Registrar Office covering Velayudha Achary street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Egmore. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value serves as a benchmark for the transaction. The registration office uses this value to calculate the applicable fees, ensuring that both buyers and sellers are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Velayudha Achary street?

The current guideline value of Velayudha Achary street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 290% since 2007.

What is the median guideline value in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, which is higher than the current value of Velayudha Achary street.

What are the stamp duty and registration fees for property in Velayudha Achary street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000, resulting in a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Velayudha Achary street?

The Periamet Sub Registrar Office handles the registration for Velayudha Achary street, located at 1103, Poonamallee High Road, Chennai-600 003.