Guideline Value for V.S. Puram

V.S. Puram guideline value

The current guideline value of V.S. Puram is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - III.

How the guideline value of V.S. Puram has changed

Over the years, the guideline value of V.S. Puram has seen several revisions. The earliest recorded figure in the register is from 2002, where the guideline value was Rs 455 per sq.ft. This increased to Rs 1,100 per sq.ft in 2007, marking a significant rise of 142%. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting an increase of 173%. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has been revised to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2003 in the register for V.S. Puram. Overall, from 2002 to 2024, the guideline value has increased by 625%.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing V.S. Puram's current figure below this median.

• West Arasamaram Street: Rs 4,400 per sq.ft (2024)
• Yadhava Street: Rs 4,400 per sq.ft (2024)
• Vinai Theertha Vinayagar Street: Rs 4,400 per sq.ft (2024)
• Venkataswamy Puram Street 1 to 10: Rs 3,300 per sq.ft (2024)
• Venkatasamy Puram puram: Rs 3,300 per sq.ft (2024)
• Vellalar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in V.S. Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.S. Puram?

The Sub Registrar Office that covers V.S. Puram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Aminjikarai, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is registered at an appropriate value.

Understanding the guideline value is essential for both buyers and sellers as it impacts the overall costs associated with property transactions. It is advisable to check the current guideline value before proceeding with any property dealings to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of V.S. Puram?

The current guideline value of V.S. Puram 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 455 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, with several revisions in between, including a notable increase of 625% overall.

What is the registration office for V.S. Puram?

The registration office for V.S. Puram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total fees would amount to Rs 2,97,000.

Are there other streets in Aminjikarai with different guideline values?

Yes, there are other streets in Aminjikarai with varying guideline values, ranging from Rs 3,300 to Rs 16,500 per sq.ft as of 2024.