Guideline Value for VAANUVAR ST

Vaanuvar St guideline value

The current guideline value of Vaanuvar St in Walajabad village is Rs 750 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Vaanuvar St has changed

The guideline value for Vaanuvar St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, which is the same as the previous year's 2023 revision. Prior to that, in 2017, the value was Rs 502 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 750 per sq.ft, showing a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of Vaanuvar St.

• Vadakku Puthu St: Rs 750 per sq.ft (2024)
• Vadivel Nadar Nagar: Rs 750 per sq.ft (2024)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Vaishnavi Nagar: Rs 400 per sq.ft (2024)
• Vakkar St: Rs 750 per sq.ft (2024)
• Vallappakkam Road: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vaanuvar St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaanuvar St?

The Vaanuvar St falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the property registration process in Walajabad. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Additionally, the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Vaanuvar St?

The current guideline value of Vaanuvar St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

What is the classification of Vaanuvar St?

Vaanuvar St is classified as Residential Class IV Type - I under the Walajabad SRO.

Where can I find the Walajabad SRO?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vaanuvar St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,50,000 would incur a stamp duty of Rs 52,500.