Guideline Value for VADHIYAR THOTTAM MAIN ROAD

Vadhiyar Thottam Main Road guideline value

The current guideline value of Vadhiyar Thottam Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, with a land classification of Residential Special Type - III.

How the guideline value of Vadhiyar Thottam Main Road has changed

The guideline value for Vadhiyar Thottam Main Road has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,500 per sq.ft, which saw a significant increase to Rs 5,800 per sq.ft in 2012. This value remained unchanged until the 2023 revision, where it was still Rs 5,800 per sq.ft. However, in 2024, the guideline value increased to Rs 6,300 per sq.ft, marking a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 320%. Notably, there are no recorded figures for the years 2002, 2003, and 2017 for this street.

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 value is Rs 5,800 per sq.ft, making the 2024 figure for Vadhiyar Thottam Main Road 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 - 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to 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 fees together to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vadhiyar Thottam Main Road?

The Sub Registrar Office that covers Vadhiyar Thottam Main 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 further assistance.

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 the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value as it influences the financial obligations associated with the transaction, including stamp duty and registration fees. Understanding these values helps ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Vadhiyar Thottam Main Road?

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

How has the guideline value changed over the years?

Since its initial value of Rs 1,500 per sq.ft in 2007, the guideline value has increased significantly, reaching Rs 6,300 per sq.ft in 2024. The most notable change occurred between 2007 and 2012, where it rose by 287%.

What are the stamp duty and registration fees for property in Vadhiyar Thottam Main Road?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000, and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Vadhiyar Thottam Main Road?

The Kodambakkam Sub Registrar Office is responsible for Vadhiyar Thottam Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Vadhiyar Thottam Main Road?

The land classification for Vadhiyar Thottam Main Road is Residential Special Type - III, indicating its designated use for residential purposes.