Guideline Value for Vembuli Amman Koil Street

Vembuli Amman Koil Street guideline value

The current guideline value of Vembuli Amman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Vembuli Amman Koil Street has changed

The guideline value for Vembuli Amman Koil Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft. It increased significantly to Rs 600 per sq.ft in 2012, followed by a decrease to Rs 402 per sq.ft in 2017. The value then saw a substantial rise to Rs 800 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 880 per sq.ft in the 2024 revision.

Between these revisions, the changes are notable. The value rose by 140% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 99% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 252%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Vembuli Amman Koil Street's 2024 figure below that median.

• Vedhachalam Nagar Extn: Rs 880 per sq.ft (2024)
• Vedhachalam Nagar: Rs 880 per sq.ft (2024)
• Vasanthapuri Phase I: Rs 1,210 per sq.ft (2024)
• Vasanthapuri: Rs 1,210 per sq.ft (2024)
• Varalakshmi Avenue: Rs 1,210 per sq.ft (2024)
• VanasanthaPuri Extn: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vembuli Amman Koil Street?

The Sub Registrar Office that covers Vembuli Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When engaging in a sale or purchase, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the registration authority. This process is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Vembuli Amman Koil Street?

The current guideline value of Vembuli Amman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Vembuli Amman Koil Street?

The Kunrathur Sub Registrar Office handles registrations for Vembuli Amman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Vembuli Amman Koil Street?

The land classification for Vembuli Amman Koil Street is Residential Class I Type - II, indicating its suitability for residential purposes.