Guideline Value for Vembuli amman huts

Vembuli amman huts guideline value

The current guideline value for Vembuli amman huts is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in Egmore village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Vembuli amman huts has changed

The guideline value for Vembuli amman huts has seen several revisions over the years. Starting from Rs 517 per sq.ft in 2003, it rose to Rs 800 per sq.ft in 2007. The following revisions saw significant changes, with the value increasing to Rs 2,600 per sq.ft in 2012, then decreasing to Rs 1,742 per sq.ft in 2017. The value further increased to Rs 2,600 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024, marking an 8% increase from the previous year.

Between the revisions, the most notable changes include a 225% increase from 2007 to 2012 and a 49% increase from 2017 to 2023. The register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 442%.

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, indicating that Vembuli amman huts' 2024 figure is below this median.

• Vembuli amman koil garden(or) street: Rs 2,800 per sq.ft (2024)
• Vengu Pillai street: Rs 3,900 per sq.ft (2024)
• Venkatachala Acahri street: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy street: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Venkatachalapathy Street IInd Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuli amman huts

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vembuli amman huts?

The Sub Registrar Office covering Vembuli amman huts 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 plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When purchasing or selling a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vembuli amman huts?

The current guideline value of Vembuli amman huts is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 517 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, marking a total increase of 442% over this period.

What are the stamp duty and registration fees for Vembuli amman huts?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,00,000. The stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Vembuli amman huts?

The Periamet Sub Registrar Office handles the registration for Vembuli amman huts, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, which is higher than the current guideline value of Vembuli amman huts.