Guideline Value for Vembuliamman Koil 6th Street

Vembuliamman Koil 6th Street guideline value

The current guideline value of Vembuliamman Koil 6th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. 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 6th Street has changed

The guideline value for Vembuliamman Koil 6th Street has seen significant changes over the years. In 2003, the guideline value was Rs 297 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a change of +102%. By 2012, the value rose dramatically to Rs 3,500 per sq.ft, reflecting an increase of +483%. The 2023 revision set the value at Rs 3,750 per sq.ft, which was a +7% change from the previous revision.

The most recent revision in 2024 has further increased the guideline value to Rs 3,850 per sq.ft, representing a +3% change from 2023. There are no figures available for the revisions in 2017 and 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values 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 6th Street's 2024 figure above the median.

• Vembuliamman Koil 5th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 7th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 4th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 8th Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 3rd Street: Rs 3,850 per sq.ft (2024)
• Vembuliamman Koil 2nd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuliamman Koil 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, totaling Rs 3,46,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Vembuliamman Koil 6th Street?

The Vembuliamman Koil 6th Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 an essential factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil 6th Street?

The current guideline value of Vembuliamman Koil 6th 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, showing a significant overall increase of +1196% over the years.

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

Other streets in Zaminpallavaram with the same guideline value of Rs 3,850 per sq.ft in 2024 include Vembuliamman Koil 5th, 7th, 4th, 8th, 3rd, and 2nd Streets.

Where can I find the Sub Registrar Office for Vembuliamman Koil 6th Street?

The Sub Registrar Office covering Vembuliamman Koil 6th Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vembuliamman Koil 6th Street?

Stamp duty for properties in Vembuliamman Koil 6th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.