Guideline Value for VADHIYAR THOTTAM 1ST STREET

Vadhiyar Thottam 1st Street guideline value

The current guideline value of Vadhiyar Thottam 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Vadhiyar Thottam 1st Street has changed

The guideline value for Vadhiyar Thottam 1st Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,400 per sq.ft. This value increased significantly to Rs 5,800 per sq.ft in 2012, marking a substantial rise of 314%. The value remained unchanged at Rs 5,800 per sq.ft until the 2023 revision, which brought it to Rs 5,800 per sq.ft again. In 2024, the guideline value was revised to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with 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 Vadhiyar Thottam 1st Street's 2024 figure above that median.

• 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)
• Vadapalani Andavar Koil Street: Rs 8,000 per sq.ft (2024)
• Vada Agaram Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vadhiyar Thottam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadhiyar Thottam 1st Street?

The Sub Registrar Office that covers Vadhiyar Thottam 1st 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 critical factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the current market standards, thereby providing a fair basis for taxation.

Frequently asked questions

What is the current guideline value of Vadhiyar Thottam 1st Street?

The current guideline value of Vadhiyar Thottam 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,400 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with a guideline value of Rs 6,300 per sq.ft include Vadhiyar Thottam 2nd Street, Vadhiyar Thottam 3rd Street, Vadhiyar Thottam Main Road, and Vadhiyar Thottam - Poonappan Street.

What is the role of the guideline value in property transactions?

The guideline value plays a crucial role in property transactions as it determines the stamp duty and registration fees payable at the time of registration. It ensures that properties are registered at a value that reflects current market conditions.

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, and it covers Vadhiyar Thottam 1st Street.