Guideline Value for Vethamuthu Street

Vethamuthu Street guideline value

The current guideline value of Vethamuthu Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vethamuthu Street has changed

The guideline value for Vethamuthu Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a 10% increase from the previous figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for Vethamuthu Street in the register. Therefore, the only available figures are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Vethamuthu Street's 2024 figure below this median.

• Vetrivel Street: Rs 2,200 per sq.ft (2024)
• Vetrivel Street (Gandhi Nagar): Rs 2,700 per sq.ft (2024)
• Venkateswara Nagar (Part-II) 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Venkateswara Nagar (Part-II) 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Venkateswara Nagar (Part-II) 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Venkateswara Nagar (Part-I) 2nd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vethamuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vethamuthu Street?

The Sub Registrar Office that covers Vethamuthu Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vethamuthu Street?

The current guideline value of Vethamuthu Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vethamuthu Street was Rs 2,000 per sq.ft in 2012, which increased to Rs 2,200 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft. Vethamuthu Street's guideline value is below this median.

What are the stamp duty and registration fees for properties in Vethamuthu Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Vethamuthu Street?

The Madhavaram Sub Registrar Office handles the registration for Vethamuthu Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.