Guideline Value for sundarajaperumal Koil street

sundarajaperumal Koil street guideline value

The current guideline value of sundarajaperumal Koil street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of sundarajaperumal Koil street has changed

The guideline value for sundarajaperumal Koil street has undergone several revisions over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a 33% drop. The value then rose sharply to Rs 4,000 per sq.ft in the 2023 revision, and further increased by 10% to the current rate of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2007 to 2024 stands at an impressive 450%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, indicating that the guideline value of sundarajaperumal Koil street is below this median.

• Sundarapuram 1st street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 2nd street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 3rd street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 4th street: Rs 2,700 per sq.ft (2024)
• Subbaiya Street: Rs 4,400 per sq.ft (2024)
• Stringers Road: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in sundarajaperumal Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers sundarajaperumal Koil street?

The Sub Registrar Office that covers sundarajaperumal Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of properties in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers should be aware that the guideline value affects the overall cost of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the local market conditions. This helps maintain transparency and fairness in property dealings, as it is based on government assessments of property values in the area.

Frequently asked questions

What is the current guideline value of sundarajaperumal Koil street?

The current guideline value of sundarajaperumal Koil street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the median guideline value in Vepery?

The median guideline value in Vepery is Rs 4,800 per sq.ft for the year 2024, which is higher than the guideline value of sundarajaperumal Koil street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles registrations for properties on sundarajaperumal Koil street?

The Periamet Sub Registrar Office handles registrations for properties on sundarajaperumal Koil street, located at 1103, Poonamallee High Road, Chennai-600 003.