Guideline Value for Vembuliamman koil Street

Vembuliamman koil Street guideline value

The current guideline value of Vembuliamman koil Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vembuliamman koil Street has changed

The guideline value for Vembuliamman koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 950 per sq.ft from the 2024 revision, reflecting a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. In contrast, the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Vembuliamman koil Street is below this median.

• Velmurugan street: Rs 950 per sq.ft (2024)
• Venkatasamy Street: Rs 2,400 per sq.ft (2024)
• Venkatesan Street: Rs 1,600 per sq.ft (2024)
• Velachery Main Road: Rs 6,500 per sq.ft (2024)
• Veerabedran Street: Rs 1,100 per sq.ft (2024)
• Vedhachalam Street: Rs 1,600 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 rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. 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 more details.

Which Sub Registrar Office covers Vembuliamman koil Street?

The Sub Registrar Office that covers Vembuliamman koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a crucial factor in property transactions in Selaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during registration. This helps in avoiding any disputes related to property valuation during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vembuliamman koil Street?

The current guideline value of Vembuliamman koil Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and is now Rs 950 per sq.ft in 2024.

What is the land classification for Vembuliamman koil Street?

Vembuliamman koil Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Vembuliamman koil Street?

For a 1,000 sq.ft plot, the guideline value is Rs 9,50,000, with a stamp duty of Rs 66,500 and a registration fee of Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Vembuliamman koil Street?

The Selaiyur Sub Registrar Office handles registrations for Vembuliamman koil Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.