Guideline Value for VADHIYAR THOTTAM 2ND STREET

Vadhiyar Thottam 2nd Street guideline value

The current guideline value of Vadhiyar Thottam 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Vadhiyar Thottam 2nd Street has changed

Over the years, the guideline value of Vadhiyar Thottam 2nd Street has seen significant changes. The 2007 revision set the value at Rs 1,400 per sq.ft, which increased dramatically to Rs 5,800 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised the value to Rs 6,300 per sq.ft, marking a 9% increase from the previous year.

From 2007 to 2012, the guideline value experienced a remarkable increase of 314%, while there was no change from 2012 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 350%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft in 2024. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Vadhiyar Thottam 2nd Street above this median.

• Vadhiyar Thottam 1st 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 2nd 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 amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadhiyar Thottam 2nd Street?

The Sub Registrar Office that covers Vadhiyar Thottam 2nd 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 details.

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

When buying or selling property in Puliyur, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the property transaction. Proper understanding of these values can aid in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vadhiyar Thottam 2nd Street?

The current guideline value of Vadhiyar Thottam 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How 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 is the land classification for Vadhiyar Thottam 2nd Street?

Vadhiyar Thottam 2nd Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 63,00,000 would incur a stamp duty of Rs 4,41,000.

Where can I find the Sub Registrar Office for Vadhiyar Thottam 2nd Street?

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