Guideline Value for VAITHIYALINGAM STREET

Vaithiyalingam Street guideline value

The current guideline value of Vaithiyalingam Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Vaithiyalingam Street has changed

Looking at the revisions, the guideline value for Vaithiyalingam Street has seen several changes over the years. In 2012, the value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Vaithiyalingam Street.

• Vallalar Street: Rs 2,200 per sq.ft (2024)
• Uthukulam @ Thiruvalluvar Street: Rs 2,200 per sq.ft (2024)
• Valmigi Street: Rs 2,200 per sq.ft (2024)
• Vedhachalam Nagar: Rs 2,200 per sq.ft (2024)
• Vedhachalam Street: Rs 2,200 per sq.ft (2024)
• Veera Anjaneyar Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vaithiyalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Vaithiyalingam Street?

The Sub Registrar Office that covers Vaithiyalingam Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Jelandianpettai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions. This value is updated periodically, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Vaithiyalingam Street?

The current guideline value of Vaithiyalingam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Jelandianpettai?

The median guideline value in Jelandianpettai is Rs 2,200 per sq.ft, which is the same as the current value for Vaithiyalingam Street.

What are the stamp duty rates for properties in Vaithiyalingam Street?

The stamp duty for properties in Vaithiyalingam Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vaithiyalingam Street located?

The Sub Registrar Office for Vaithiyalingam Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.