Guideline Value for Vembuli Amman Koil 1st Lane

Vembuli Amman Koil 1st Lane guideline value

The current guideline value of Vembuli Amman Koil 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Vembuli Amman Koil 1st Lane has changed

The guideline value for Vembuli Amman Koil 1st Lane has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 335 per sq.ft. This value increased to Rs 381 per sq.ft in 2003, marking a 14% rise. The following revision in 2007 saw a significant jump to Rs 700 per sq.ft, representing an 84% increase. In 2012, the value rose to Rs 3,000 per sq.ft, reflecting a substantial 329% increase from the previous revision. However, in 2017, the guideline value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, followed by the latest revision to Rs 3,300 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 885%. There are no figures available for any other years for this street in the register.

Guideline values in Nanganallur

Nanganallur village has a total of 155 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median guideline value for the village is Rs 3,900 per sq.ft, placing the 2024 figure for Vembuli Amman Koil 1st Lane below this median.

• Vembuli Amman Koil 2nd Lane: Rs 3,300 per sq.ft (2024)
• Veeraragavan (lane) Street: Rs 4,400 per sq.ft (2024)
• Veeramamunivar Street: Rs 2,800 per sq.ft (2024)
• Venugopalapuram: Rs 3,900 per sq.ft (2024)
• Vishwanathapuram: Rs 4,400 per sq.ft (2024)
• T N G O COLONY 7th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuli Amman Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total amount to Rs 2,97,000. 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 Vembuli Amman Koil 1st Lane?

The Sub Registrar Office that covers Vembuli Amman Koil 1st Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vembuli Amman Koil 1st Lane?

The current guideline value of Vembuli Amman Koil 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 885% over the years.

What is the median guideline value for Nanganallur?

The median guideline value for Nanganallur is Rs 3,900 per sq.ft, with Vembuli Amman Koil 1st Lane's current value being below this median.

What are the stamp duty and registration fees for a property in Vembuli Amman Koil 1st Lane?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Vembuli Amman Koil 1st Lane?

The Alandur Sub Registrar Office handles property registrations for Vembuli Amman Koil 1st Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.