Guideline Value for 200 FEET ROAD

200 Feet Road guideline value

The current guideline value for 200 Feet Road in Vanagaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of 200 Feet Road has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, reflecting a decline of 33%. Following this, the value saw a significant increase to Rs 3,000 per sq.ft in the 2023 revision, which represented a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, placing 200 Feet Road's 2024 figure above this median.

• V.O.C. Street: Rs 1,100 per sq.ft (2024)
• V. Krishna Naicker Industrial Estat: Rs 1,320 per sq.ft (2024)
• Vembuli Nayackar 2nd Cross Street: Rs 1,660 per sq.ft (2024)
• Vembuli Nayackar 1st Cross Street: Rs 1,660 per sq.ft (2024)
• Vembuli Naicker Street: Rs 1,660 per sq.ft (2024)
• Vellammal Palli Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty is calculated at 7%, totaling Rs 2,31,000, while the registration fee is 2%, amounting to Rs 66,000. Together, the total cost for stamp duty and registration fees is Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers 200 Feet Road?

The 200 Feet Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Vanagaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is reported accurately to the authorities. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of 200 Feet Road?

The current guideline value of 200 Feet Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for 200 Feet Road?

200 Feet Road is classified as Commercial Class I Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for properties on 200 Feet Road?

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for 200 Feet Road?

The Chennai South Joint I Sub Registrar Office handles registrations for 200 Feet Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.