Guideline Value for Vivekanthar Street

Vivekanthar Street guideline value

The current guideline value of Vivekanthar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vivekanthar Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 shows an increase to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Vivekanthar Street's 2024 figure below this median.

• Vishnu Street: Rs 1,100 per sq.ft (2024)
• VOC Street (12): Rs 1,100 per sq.ft (2024)
• VOC Street (6): Rs 1,100 per sq.ft (2024)
• V.V.Giri Street: Rs 1,320 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Viman Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanthar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. 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 Vivekanthar Street?

The Sub Registrar Office that covers Vivekanthar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vivekanthar Street?

The current guideline value of Vivekanthar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Vivekanthar Street's 2024 figure being below this median.

What are the registration fees for property in Vivekanthar Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Which office handles registrations for Vivekanthar Street?

The Pammal Sub Registrar Office handles registrations for Vivekanthar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.