Guideline Value for Vembuliamman Koil 1to3 Street

Vembuliamman Koil 1to3 Street guideline value

The current guideline value of Vembuliamman Koil 1to3 Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Vembuliamman Koil 1to3 Street has changed

Over the years, the guideline value of Vembuliamman Koil 1to3 Street has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,550 per sq.ft, marking an 11% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 11% from 2012 to 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

Thirunageswaram village has a total of 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which is equal to the current value for Vembuliamman Koil 1to3 Street.

• Thulukka Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Vallalar Street 2nd Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Vallalar Street 1st Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar TamilThendral T.V.K.Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Sekkizhar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Perunchitthanar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 1to3 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vembuliamman Koil 1to3 Street?

The Vembuliamman Koil 1to3 Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil 1to3 Street?

The current guideline value of Vembuliamman Koil 1to3 Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, marking an 11% increase. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What are the other streets in Thirunageswaram with the same guideline value?

Other streets in Thirunageswaram with the same guideline value of Rs 1,550 per sq.ft include Thulukka Street, Thiruvalluvar Nagar Vallalar Street 1st and 2nd Streets, Thiruvalluvar Nagar TamilThendral T.V.K.Salai, Thiruvalluvar Nagar Sekkizhar Salai, and Thiruvalluvar Nagar Perunchitthanar Salai.

What is the registration fee for property in Vembuliamman Koil 1to3 Street?

The registration fee for property in Vembuliamman Koil 1to3 Street is calculated based on the guideline value. For a property valued at Rs 15,50,000, the registration fee would be Rs 31,000 at a rate of 2%.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area, including Vembuliamman Koil 1to3 Street.