Guideline Value for Vembuli amman koil garden(or) street

Vembuli amman koil garden(or) street guideline value

The current guideline value of Vembuli amman koil garden(or) street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class IV Type - I.

How the guideline value of Vembuli amman koil garden(or) street has changed

The guideline value for Vembuli amman koil garden(or) street has seen several changes over the years. In 2003, the value was Rs 663 per sq.ft, which rose to Rs 800 per sq.ft in 2007. The 2012 revision saw a significant increase to Rs 2,600 per sq.ft, but this was followed by a decrease to Rs 1,742 per sq.ft in 2017. The value then increased substantially to Rs 2,600 per sq.ft in 2023, before reaching the current rate of Rs 2,800 per sq.ft in 2024, reflecting an 8% increase from the previous year.

In summary, the changes from revision to revision have been notable. From 2017 to 2023, the guideline value increased by 49%, while the rise from 2007 to 2012 was a remarkable 225%. Overall, from 2003 to 2024, the guideline value has increased by 322%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Vembuli amman koil garden(or) street is below this median.

• Vembuli amman huts: 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 koil garden(or) street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vembuli amman koil garden(or) street?

The Vembuli amman koil garden(or) street is covered by 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 during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline value.

Frequently asked questions

What is the current guideline value of Vembuli amman koil garden(or) street?

The current guideline value of Vembuli amman koil garden(or) street 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 changed significantly from Rs 663 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024. There have been various increases and decreases in between, with the most recent increase being 8% from 2023 to 2024.

What is the land classification of Vembuli amman koil garden(or) street?

Vembuli amman koil garden(or) street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Vembuli amman koil garden(or) street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at the current rate of 7%.