Guideline Value for VAANAVARAMBAN STREET (WARD -4)

Vaanavaramban Street (Ward -4) guideline value

The current guideline value of Vaanavaramban Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Vaanavaramban Street (Ward -4) has changed

Over the years, the guideline value of Vaanavaramban Street has experienced several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The guideline value has seen an overall increase of 10% from 2012 to 2024, reflecting the latest revision's increase of 10% from 2023 to 2024.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Vaanavaramban Street's 2024 figure above this median.

• Vaamana Munivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Valamana Munivar Street (Kr): Rs 660 per sq.ft (2024)
• Valayapathi Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vaanavaramban Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaanavaramban Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Vaanavaramban Street (Ward -4). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Kattankollatur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it may affect the overall cost of the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Vaanavaramban Street (Ward -4)?

The current guideline value of Vaanavaramban Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Vaanavaramban Street?

Vaanavaramban Street is classified as Residential Special Type - V, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total fees would be Rs 1,18,800.