Guideline Value for Vembullaimman Street

Vembullaimman Street guideline value

The current guideline value of Vembullaimman Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vembullaimman Street has changed

The guideline value for Vembullaimman Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease of 33% from the previous figure of Rs 167 per sq.ft. Following this, the 2023 revision again set the value at Rs 250 per sq.ft, which was consistent with the 2024 revision, indicating no change between these two years.

In summary, the guideline value has fluctuated over the years, with the most notable change occurring between 2017 and 2023, where there was a 50% increase. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Vembullaimman Street's 2024 figure below this median.

• Vijay Farm House: Rs 200 per sq.ft (2024)
• Umamageswari Nagar: Rs 200 per sq.ft (2024)
• Thomaiyar street: Rs 350 per sq.ft (2024)
• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)

Stamp duty and registration fee for property in Vembullaimman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vembullaimman Street?

The Sub Registrar Office that covers Vembullaimman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are prepared for the associated costs.

During the registration process, the guideline value is referenced to calculate the necessary fees. This value is essential for both parties to understand, as it can impact the overall financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Vembullaimman Street?

The current guideline value of Vembullaimman Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant changes occurring between 2017 and 2023, where it increased by 50%. Overall, the value has remained stable at Rs 250 per sq.ft from 2012 to 2024.

What is the land classification for Vembullaimman Street?

The land classification for Vembullaimman Street is Residential Class III Type - I.

Where can I find the registration office for Vembullaimman Street?

The registration office for Vembullaimman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirupanthiyoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.