Guideline Value for Vembuliamman Koil 1st Street

Vembuliamman Koil 1st Street guideline value

The current guideline value of Vembuliamman Koil 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Vembuliamman Koil 1st Street has changed

The guideline value for Vembuliamman Koil 1st Street has seen several revisions over the years. Starting from Rs 297 per sq.ft in 2003, it increased significantly to Rs 600 per sq.ft in 2007, followed by a jump to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,750 per sq.ft in 2023 and is now at Rs 3,850 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2003 to 2007, the value increased by 102%, followed by a substantial 483% rise from 2007 to 2012. The value then dropped by 33% from 2012 to 2017. A significant 60% increase occurred from 2017 to 2023, and finally, a 3% increase has been recorded from 2023 to 2024. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Vembuliamman Koil 1st Street's 2024 figure above this median.

• Vembuliamman Koil 2nd Back Street: Rs 3,850 per sq.ft (2024)
• Velu Street: Rs 2,750 per sq.ft (2024)
• Vembuliamman Koil 2nd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 3rd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 4th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 5th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees together Rs 3,46,500. 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 Vembuliamman Koil 1st Street?

The Vembuliamman Koil 1st Street falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil 1st Street?

The current guideline value of Vembuliamman Koil 1st Street is Rs 3,850 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 297 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, with various increases and decreases across different revisions.

What is the land classification of Vembuliamman Koil 1st Street?

Vembuliamman Koil 1st Street is classified as Mixed Type - I land.

Where can I find the registration office for Vembuliamman Koil 1st Street?

The registration office for Vembuliamman Koil 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Vembuliamman Koil 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.