Guideline Value for VA.VOO.SEE. STREET

Va.Voo.See. Street guideline value

The current guideline value of Va.Voo.See. Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar Sub Registrar Office, classified as Commercial Class I Type - III.

How the guideline value of Va.Voo.See. Street has changed

The guideline value for Va.Voo.See. Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 150 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 767%. However, in 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. By 2023, the guideline value returned to Rs 1,300 per sq.ft, and it remained unchanged in the 2024 revision.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2007 and 2024 figures, the guideline value has increased by 767%. It is important to note that there are no recorded figures for Va.Voo.See. Street in the years 2002 and 2003.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Va.Voo.See. Street's value above this median.

• Veenas Street: Rs 800 per sq.ft (2024)
• Veeramamunivar Street: Rs 800 per sq.ft (2024)
• Varalakshmi Nagar: Rs 1,300 per sq.ft (2024)
• VELAYUTHA REDDY Ist GURUKU STREET: Rs 1,000 per sq.ft (2024)
• Velayutha Reddy Street: Rs 1,000 per sq.ft (2024)
• Velunachiyar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Va.Voo.See. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Va.Voo.See. Street?

Va.Voo.See. Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vengathur. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, it is essential to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Va.Voo.See. Street?

The current guideline value of Va.Voo.See. Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and returned to Rs 1,300 per sq.ft in 2023 and 2024.

What is the land classification of Va.Voo.See. Street?

Va.Voo.See. Street is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for property in Va.Voo.See. Street?

For a 1,000 sq.ft plot, the guideline value is Rs 13,00,000, with a stamp duty of Rs 91,000 and a registration fee of Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Va.Voo.See. Street?

The Manavalanagar Sub Registrar Office covers Va.Voo.See. Street, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.