Guideline Value for Vembuliamman Koil 3rd Street

Vembuliamman Koil 3rd Street guideline value

The current guideline value of Vembuliamman Koil 3rd Street is Rs 3,850 per sq.ft. 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 3rd Street has changed

The guideline value for Vembuliamman Koil 3rd Street has seen several revisions over the years. In the 2003 revision, the value was Rs 297 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 102%. The 2012 revision saw a further increase to Rs 3,500 per sq.ft, representing a dramatic change of 483%. Following this, the value rose to Rs 3,750 per sq.ft in 2023, a 7% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, reflecting a 3% increase from 2023.

It is important to note that there are no figures available for the revisions in 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1196%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Vembuliamman Koil 3rd Street's 2024 value above this median.

• Vembuliamman Koil 2nd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 4th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 2nd Back Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 5th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 6th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 1st Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 3rd 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, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vembuliamman Koil 3rd Street?

The Sub Registrar Office that covers Vembuliamman Koil 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers should 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 3rd Street?

The current guideline value of Vembuliamman Koil 3rd Street is Rs 3,850 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 297 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 1196% across the revisions.

What is the registration office for Vembuliamman Koil 3rd Street?

The registration office for Vembuliamman Koil 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Where can I find more information about the guideline values in Zaminpallavaram?

More information about guideline values in Zaminpallavaram can be accessed through the Registration Department's guideline value register (TNReginet).