Guideline Value for VAISHNAVA COLLEGE ROAD

Vaishnava College Road guideline value

The current guideline value of Vaishnava College Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vaishnava College Road has changed

The guideline value for Vaishnava College Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,144 per sq.ft, marking a decline of 33%. However, the value significantly increased to Rs 3,200 per sq.ft in the 2023 revision, followed by a further rise to Rs 3,520 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Vaishnava College Road is above this median.

• Vallalperumal Street: Rs 3,520 per sq.ft (2024)
• Union Carbide Colony 1 To 4 Main Road: Rs 2,160 per sq.ft (2024)
• Union Carbide Colony 1 To 4 Cross Street: Rs 2,160 per sq.ft (2024)
• Union Carbide Colony: Rs 2,160 per sq.ft (2024)
• Valluvar 1st Street: Rs 3,300 per sq.ft (2024)
• Valluvar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnava College Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaishnava College Road?

The Sub Registrar Office that covers Vaishnava College Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to understand these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Vaishnava College Road?

The current guideline value of Vaishnava College Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for Vaishnava College Road?

Vaishnava College Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vaishnava College Road?

The Sub Registrar Office for Vaishnava College Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Vaishnava College Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,46,400.