Guideline Value for Vembuliamman Koil 2nd Cross Street

Vembuliamman Koil 2nd Cross Street guideline value

The current guideline value of Vembuliamman Koil 2nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vembuliamman Koil 2nd Cross Street has changed

The guideline value for Vembuliamman Koil 2nd Cross Street has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing Vembuliamman Koil 2nd Cross Street's 2024 figure below that median.

• Vembuliamman Koil 3rd Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 4th Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuli Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Vellappar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Vellappar 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Vembuliamman Koil 2nd Cross Street?

The Vembuliamman Koil 2nd Cross Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

During the registration process, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be familiar with the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vembuliamman Koil 2nd Cross Street?

The current guideline value for Vembuliamman Koil 2nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What is the stamp duty for property in Vembuliamman Koil 2nd Cross Street?

The stamp duty for property in Vembuliamman Koil 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.

Which office handles the registration for Vembuliamman Koil 2nd Cross Street?

The Pammal Sub Registrar Office handles the registration for Vembuliamman Koil 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft. The guideline value for Vembuliamman Koil 2nd Cross Street is below this median.