Guideline Value for VADA AGARAM ROAD

Vada Agaram Road guideline value

The current guideline value of Vada Agaram Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Vada Agaram Road has changed

The guideline value for Vada Agaram Road has undergone several revisions over the years. In 2007, the guideline value was Rs 2,100 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a change of +233%. However, this value decreased to Rs 4,690 per sq.ft in 2017, reflecting a decline of -33%. The most recent revision in 2024 saw the guideline value rise to Rs 7,700 per sq.ft, representing an increase of +64% from the previous figure.

It is important to note that there are no registered figures for Vada Agaram Road for the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by +267%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Vada Agaram Road's 2024 figure above this median.

• Vada Agaram 1st Street: Rs 7,100 per sq.ft (2024)
• Vadapalani Andavar Koil Street: Rs 8,000 per sq.ft (2024)
• Vadhiyar Thottam 1st Street: Rs 6,300 per sq.ft (2024)
• Vadhiyar Thottam 2nd Street: Rs 6,300 per sq.ft (2024)
• Vadhiyar Thottam 3rd Street: Rs 6,300 per sq.ft (2024)
• Vadhiyar Thottam Main Road: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vada Agaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Together, the total cost would be Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vada Agaram Road?

The Sub Registrar Office that covers Vada Agaram Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

When buying or selling property in Puliyur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, ensuring that the state receives the appropriate revenue from property sales.

During the registration process, the property must be valued at the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all necessary fees are collected based on the correct valuation.

Frequently asked questions

What is the current guideline value of Vada Agaram Road?

The current guideline value of Vada Agaram Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value for streets in Puliyur?

The median guideline value for the 648 streets in Puliyur under the Kodambakkam SRO is Rs 5,800 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.