Guideline Value for Vembuliamman Koil 4th Street

Vembuliamman Koil 4th Street guideline value

The current guideline value of Vembuliamman Koil 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Mixed Type - I.

How the guideline value of Vembuliamman Koil 4th Street has changed

The guideline value for Vembuliamman Koil 4th Street has seen several revisions over the years. In 2003, the value was Rs 297 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +102%. By 2012, the value rose to Rs 3,500 per sq.ft, reflecting a substantial increase of +483%. The next revision in 2023 set the value at Rs 3,750 per sq.ft, which was a +7% change from 2012. The most recent revision in 2024 has increased the guideline value to Rs 3,850 per sq.ft, a +3% change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value of Vembuliamman Koil 4th Street above this median.

• Vembuliamman Koil 5th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 3rd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 6th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 2nd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 7th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 2nd Back Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that 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 4th Street?

The Vembuliamman Koil 4th Street is covered by 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 during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil 4th Street?

The current guideline value of Vembuliamman Koil 4th 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 from Rs 297 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +1196% over the years.

What are the stamp duty and registration fees for properties 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.

Which office handles property registrations for Vembuliamman Koil 4th Street?

The Pallavaram Sub Registrar Office handles property registrations for Vembuliamman Koil 4th Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Vembuliamman Koil 4th Street?

Vembuliamman Koil 4th Street is classified as Mixed Type - I, which indicates the type of land use permitted in this area.