Guideline Value for Vellazhar Street

Vellazhar Street guideline value

The current guideline value of Vellazhar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Vellazhar Street has changed

The guideline value for Vellazhar Street has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, marking a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for Vellazhar Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Vellazhar Street.

• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 per sq.ft (2024)
• Vadakkupattu Village: Rs 400 per sq.ft (2024)
• Vadakkupattu Old Colony: Rs 300 per sq.ft (2024)
• Vadakkupattu New Colony: Rs 400 per sq.ft (2024)
• V.O.C.Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vellazhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. 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 further assistance.

Which Sub Registrar Office covers Vellazhar Street?

The Sub Registrar Office that covers Vellazhar Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps in assessing the official value of the property, ensuring that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Vellazhar Street?

The current guideline value for Vellazhar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 402 per sq.ft in 2017, marking a 49% increase over that period.

What is the land classification for Vellazhar Street?

The land classification for Vellazhar Street is Residential Class I Type - III, indicating its designation for residential purposes.

What is the stamp duty rate applicable in Thirukalukundrem A?

The stamp duty rate applicable in Thirukalukundrem A is 7%, which is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Vellazhar Street?

The Sub Registrar Office for Vellazhar Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.