Guideline Value for Vempuli Pannakkaran Street

Vempuli Pannakkaran Street guideline value

The current guideline value of Vempuli Pannakkaran Street is not published; it was last notified at Rs 2,500 per sq.ft in the 2012 revision. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vempuli Pannakkaran Street has changed

The guideline value for Vempuli Pannakkaran Street has seen several revisions over the years. In the 2002 revision, the guideline value was Rs 172 per sq.ft. This increased to Rs 193 per sq.ft in 2003, marking a change of 12%. The value then saw a significant rise to Rs 1,000 per sq.ft in the 2007 revision, which was an increase of 418%. The most recent revision in 2012 set the guideline value at Rs 2,500 per sq.ft, reflecting a substantial increase of 150% from the previous revision.

It is important to note that there are no figures available for the years 2017, 2023, and 2024 for this street. Overall, from 2002 to 2012, the guideline value increased by 1,353%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a guideline value for 2024, with rates ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,800 per sq.ft. Vempuli Pannakkaran Street's last notified value was Rs 2,500 per sq.ft in 2012, which is lower than the current median.

• Vempuli Amman Koil Street: Rs 2,800 per sq.ft (2024)
• Vembuli Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Vellala Street Samy Nagar Extension: Rs 2,800 per sq.ft (2024)
• Venkatasamy Street: Rs 3,900 per sq.ft (2024)
• Venkatesa Nagar: Rs 3,900 per sq.ft (2024)
• Venkat Narayana Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Vempuli Pannakkaran Street

There is no current rate for Vempuli Pannakkaran Street to provide a worked example. However, stamp duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Vempuli Pannakkaran Street?

The Sub Registrar Office that covers Vempuli Pannakkaran 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 Ullagaram

The guideline value is a crucial factor in property transactions in Ullagaram. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that the duty is charged on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vempuli Pannakkaran Street?

The current guideline value for Vempuli Pannakkaran Street is not published; it was last notified at Rs 2,500 per sq.ft in the 2012 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 172 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2012, reflecting an overall increase of 1,353% over the decade.

Are there any recent figures for the guideline value?

No figures are available for the years 2017, 2023, and 2024 for Vempuli Pannakkaran Street.

What is the classification of Vempuli Pannakkaran Street?

Vempuli Pannakkaran Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Vempuli Pannakkaran Street?

The Sub Registrar Office for Vempuli Pannakkaran Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.