Guideline Value for Vempuli Amman Koil Street

Vempuli Amman Koil Street guideline value

The current guideline value of Vempuli Amman Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Vempuli Amman Koil Street has changed

The guideline value for Vempuli Amman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 485 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2003, marking a change of +209%. The value continued to rise, reaching Rs 1,800 per sq.ft in 2007, a +20% increase. The next revision in 2012 saw a decrease to Rs 4,500 per sq.ft, a drop of -33%. However, from 2012 to 2017, the value surged to Rs 3,015 per sq.ft, an increase of +150%. The guideline value then rose to Rs 4,500 per sq.ft in 2023, reflecting a +49% change. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, an increase of +11% from the previous year.

There are no figures available in the register for the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by +931%, highlighting the significant changes over the years.

Guideline values in Alandur

Alandur village has a range of guideline values across 40 streets under the Alandur SRO, with figures for 2024 ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median guideline value is Rs 5,000 per sq.ft, which is equal to the current guideline value of Vempuli Amman Koil Street.

• Vembuli Subethar Street: Rs 4,400 per sq.ft (2024)
• Venu reddy Street: Rs 5,500 per sq.ft (2024)
• U.V. Samynathan Street: Rs 5,000 per sq.ft (2024)
• Yegambara dabether Street: Rs 5,000 per sq.ft (2024)
• Thadikkara Swamy Street: Rs 5,000 per sq.ft (2024)
• Subba Colony (Subba Reddy Colony): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vempuli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vempuli Amman Koil Street?

The Sub Registrar Office that covers Vempuli Amman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Alandur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Vempuli Amman Koil Street?

The current guideline value of Vempuli Amman Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 485 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of +931% over the years.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 50,00,000. The stamp duty would be Rs 3,50,000, and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles property registration for Vempuli Amman Koil Street?

The Alandur Sub Registrar Office handles property registration for Vempuli Amman Koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Vempuli Amman Koil Street?

Vempuli Amman Koil Street is classified under Residential Class I Type - II, which indicates its designated use for residential purposes.