Guideline Value for VADHYAR ANNAMALAI STREET

Vadhyar Annamalai Street guideline value

The current guideline value of Vadhyar Annamalai Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Vadhyar Annamalai Street has changed

The guideline value for Vadhyar Annamalai Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,540 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2012 revision, marking a substantial rise of 322%. The latest revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 361%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Vadhyar Annamalai Street's current value below this median.

• Vadugu Idayar Street: Rs 7,100 per sq.ft (2024)
• Vadakoor Selva Vinayagar Koil Street: Rs 9,300 per sq.ft (2024)
• Vadakoor Selva Vinayagar Koil Lane: Rs 7,100 per sq.ft (2024)
• Vaaleeswarar Koil Street: Rs 3,300 per sq.ft (2024)
• Vaikkol Thotti: Rs 3,300 per sq.ft (2024)
• Valeeswaran Koil Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vadhyar Annamalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total fees Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadhyar Annamalai Street?

The Sub Registrar Office that covers Vadhyar Annamalai Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mylapore. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. This ensures that both buyers and sellers are aware of the financial obligations associated with the property transaction.

When a property is sold, the guideline value is used to assess the applicable duties, which are calculated based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vadhyar Annamalai Street?

The current guideline value of Vadhyar Annamalai Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,540 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2012, and then to Rs 7,100 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street.

What is the land classification for Vadhyar Annamalai Street?

Vadhyar Annamalai Street is classified as Residential Class IV Type - III, which is important for understanding its usage and potential development.

Where can I find information about stamp duty and registration fees?

You can find information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Vadhyar Annamalai Street?

The Mylapore Sub Registrar Office handles registrations for Vadhyar Annamalai Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.