Guideline Value for Vengal Thottam 3rd Street

Vengal Thottam 3rd Street guideline value

The current guideline value of Vengal Thottam 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vengal Thottam 3rd Street has changed

The guideline value for Vengal Thottam 3rd Street has seen several revisions over the years. The earliest recorded figure was Rs 700 per sq.ft in 2007. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 257%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 286%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value of Vengal Thottam 3rd Street is below this median.

• Vengal Thottam 2nd Street: Rs 2,700 per sq.ft (2024)
• Vengal Thottam 4th Street: Rs 2,700 per sq.ft (2024)
• Vengal Thottam 1st Street: Rs 2,700 per sq.ft (2024)
• Vengal Thottam 5th Street: Rs 2,700 per sq.ft (2024)
• Vengal Thottam 6th Street: Rs 2,700 per sq.ft (2024)
• Venkatesan Salai (Periyar Nagar): Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Vengal Thottam 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vengal Thottam 3rd Street?

The Sub Registrar Office that covers Vengal Thottam 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted fairly and transparently.

When you register a property, the guideline value serves as a benchmark for calculating the associated costs. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vengal Thottam 3rd Street?

The current guideline value of Vengal Thottam 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What are the stamp duty and registration fees for property in Vengal Thottam 3rd Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Vengal Thottam 3rd Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 covers Vengal Thottam 3rd Street.

What is the land classification of Vengal Thottam 3rd Street?

The land classification for Vengal Thottam 3rd Street is Residential Class I Type - I.