Guideline Value for Vembuliamman Koil Street

Vembuliamman Koil Street guideline value

The current guideline value of Vembuliamman Koil Street is Rs 1,500 per sq.ft. This street is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Vembuliamman Koil Street has changed

Since the 2007 revision, the guideline value for Vembuliamman Koil Street has seen significant changes. In 2007, the value was Rs 550 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The most recent revision in 2023 saw the value rise again to Rs 1,500 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was a substantial 173%. Overall, from 2007 to 2023, the guideline value has increased by 173%. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Vembuliamman Koil Street is one of the streets in Vandalur, which is under the Gooduvancheri SRO. Unfortunately, there are no specific village figures available for this area.

Stamp duty and registration fee for property in Vembuliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Vembuliamman Koil Street?

The Gooduvancheri Sub Registrar Office covers Vembuliamman Koil Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, 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 property’s value.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil Street?

The current guideline value of Vembuliamman Koil Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then dropping to Rs 1,005 per sq.ft in 2017, and finally returning to Rs 1,500 per sq.ft in 2023.

What is the registration office for Vembuliamman Koil Street?

The registration office for Vembuliamman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot valued at Rs 1,500 per sq.ft, the total fees would amount to Rs 1,35,000.

Are there other streets in Vandalur with guideline values?

No specific figures for other streets in Vandalur have been provided, and the only available guideline value is for Vembuliamman Koil Street.