Guideline Value for veerabadra achari street

Veerabadra Achari Street guideline value

The current guideline value of Veerabadra Achari Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class II Type - I.

How the guideline value of Veerabadra Achari Street has changed

The guideline value for Veerabadra Achari Street has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,200 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 442%. However, the value then dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase again to Rs 6,500 per sq.ft in 2023, followed by a further rise to Rs 7,100 per sq.ft in 2024, reflecting a 9% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 492%. The value in 2024 is equal to the median guideline value of Rs 7,100 per sq.ft for the 465 streets in Egmore under the Periamet SRO.

Guideline values in Egmore

In Egmore, the guideline values range from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Veerabadra Achari Street's 2024 guideline value aligns with this median.

• Veeerasamy pillai street: Rs 7,100 per sq.ft (2024)
• Veeraraghavan Street: Rs 3,900 per sq.ft (2024)
• Vasu salai: Rs 13,400 per sq.ft (2024)
• Velayudha Achary street: Rs 3,900 per sq.ft (2024)
• Velayudha chetty 1st lane: Rs 3,900 per sq.ft (2024)
• Velayudha chetty 2nd lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Veerabadra Achari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Veerabadra Achari Street?

The Sub Registrar Office that covers Veerabadra Achari 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 Egmore

The guideline value plays a crucial role in property transactions in Egmore. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a value that reflects the local market conditions, helping to maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Veerabadra Achari Street?

The current guideline value of Veerabadra Achari Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,200 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 492% over the years.

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

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Veerabadra Achari Street?

The Periamet Sub Registrar Office handles property registrations for Veerabadra Achari Street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Veerabadra Achari Street?

Veerabadra Achari Street is classified as Residential Class II Type - I according to the local guidelines.