Guideline Value for Vembuliamman Koil 3rd Cross Street

Vembuliamman Koil 3rd Cross Street guideline value

The current guideline value of Vembuliamman Koil 3rd 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, classified as Residential Class II Type - I.

How the guideline value of Vembuliamman Koil 3rd Cross Street has changed

The guideline value for Vembuliamman Koil 3rd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 change reflects a significant upward adjustment, while the increase from 2017 to 2023 was 49%.

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 guideline value for these streets is Rs 2,420 per sq.ft, placing Vembuliamman Koil 3rd Cross Street's 2024 figure below that median.

• Vembuliamman Koil 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 4th Cross Street: Rs 1,980 per sq.ft (2024)
• Vembuliamman Koil 1st 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 3rd 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 would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vembuliamman Koil 3rd Cross Street?

The Vembuliamman Koil 3rd Cross Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of sale.

When you buy or sell property, the registration office uses the guideline value to calculate the applicable fees, ensuring that both parties are aware of the costs involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil 3rd Cross Street?

The current guideline value of Vembuliamman Koil 3rd 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the stamp duty rate for property in Vembuliamman Koil 3rd Cross Street?

The stamp duty rate for property transactions in Vembuliamman Koil 3rd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Vembuliamman Koil 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Vembuliamman Koil 3rd Cross Street?

The land classification for Vembuliamman Koil 3rd Cross Street is Residential Class II Type - I, indicating its designated use for residential purposes.