Guideline Value for VADAPALANI ANDAVAR KOIL STREET

Vadapalani Andavar Koil Street guideline value

The current guideline value of Vadapalani Andavar Koil Street is Rs 8,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Vadapalani Andavar Koil Street has changed

The guideline value for Vadapalani Andavar Koil Street has experienced several revisions over the years. In 2002, the value was Rs 680 per sq.ft, which increased to Rs 747 per sq.ft in 2003, marking a 10% rise. The subsequent revision in 2007 saw a significant increase to Rs 2,500 per sq.ft, reflecting a 235% change. By 2012, the value remained at Rs 7,300 per sq.ft, and there was no change recorded in the register for the year 2017.

In 2023, the guideline value was revised to Rs 7,300 per sq.ft, before increasing to Rs 8,000 per sq.ft in 2024, a change of 10%. Overall, from 2002 to 2024, the guideline value has increased by 1076%.

Guideline values in Puliyur

In Puliyur, 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 value for these streets is Rs 5,800 per sq.ft, making the guideline value of Vadapalani Andavar Koil Street above that median.

• 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)
• Vadhiyar Thottam - Poonappan Street: Rs 6,300 per sq.ft (2024)
• Vada Agaram Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vadapalani Andavar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,000 per sq.ft, the total guideline value amounts to Rs 80,00,000. The stamp duty at 7% would be Rs 5,60,000, and the registration fee at 2% would be Rs 1,60,000, bringing the total fees to Rs 7,20,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadapalani Andavar Koil Street?

The Sub Registrar Office that covers Vadapalani Andavar Koil Street 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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees payable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties and fees. This ensures that all transactions are recorded at a fair and standardized value, facilitating transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Vadapalani Andavar Koil Street?

The current guideline value of Vadapalani Andavar Koil Street is Rs 8,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 7,300 per sq.ft in 2023 to Rs 8,000 per sq.ft in 2024. Overall, the value has increased by 1076% from Rs 680 per sq.ft in 2002 to the current rate.

What is the land classification for Vadapalani Andavar Koil Street?

Vadapalani Andavar Koil Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the registration office for properties in this area?

The registration office for Vadapalani Andavar Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Vadapalani Andavar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 80,00,000, the stamp duty would be Rs 5,60,000 at a rate of 7%.