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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Vaanavaramban Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and then to Rs 1,320 per sq.ft in the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the values from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which means that Vaanavaramban Street's 2024 figure is 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 661 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Valamana Munivar Street (Kr): Rs 661 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. Together, the total cost for stamp duty and registration fees would be Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Vaanavaramban Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, 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 Peramanoor

The guideline value plays a crucial role during the registration process when buying or selling property in Peramanoor. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as it may influence the sale price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value, ensuring that the transaction is recorded accurately and transparently.

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. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Vaanavaramban Street?

The land classification for Vaanavaramban Street (Ward -4) is Residential Special Type - V. This classification indicates the zoning regulations applicable to the area.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Vaanavaramban Street?

The Sub Registrar Office for Vaanavaramban Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.