Guideline Value for Vembuliamman Koil Street

Vembuliamman Koil Street guideline value

The current guideline value of Vembuliamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vembuliamman Koil Street has changed

Over the years, the guideline value of Vembuliamman Koil Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,650 per sq.ft, indicating a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 313%. It is worth noting that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Vembuliamman Koil Street's 2024 figure above this median.

• Vengatachalapathy Street indira nagar: Rs 1,100 per sq.ft (2024)
• Vengu Street: Rs 1,650 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Veerapandiyakottabomman Street: Rs 1,100 per sq.ft (2024)
• Veerannan Street: Rs 2,200 per sq.ft (2024)
• Vb Akshaya Nagar: Rs 1,650 per sq.ft (2024)

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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Street?

The Sub Registrar Office that covers Vembuliamman Koil Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vembuliamman Koil Street?

The current guideline value of Vembuliamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% across the revisions.

What is the land classification for Vembuliamman Koil Street?

The land classification for Vembuliamman Koil Street is Residential Class I Type - I.

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

The Sub Registrar Office for Vembuliamman Koil Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000.