Guideline Value for VAITHIYAR STREET EXT 1 TO 4 STREETS

Vaithiyar Street Ext 1 To 4 Streets guideline value

The current guideline value of Vaithiyar Street Ext 1 To 4 Streets is Rs 1,940 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vaithiyar Street Ext 1 To 4 Streets has changed

The guideline value for Vaithiyar Street Ext 1 To 4 Streets has undergone several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft. However, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,940 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,940 per sq.ft, which is the same as the current value for Vaithiyar Street Ext 1 To 4 Streets.

• Vaithiyar Street Extn: Rs 1,940 per sq.ft (2024)
• Vaithiyar Street: Rs 1,940 per sq.ft (2024)
• Vambuliamman Koil Street: Rs 1,100 per sq.ft (2024)
• Vembuliamman Koil 1 To 5 Streets: Rs 1,100 per sq.ft (2024)
• Thirusoolam Main Road: Rs 2,750 per sq.ft (2024)
• Venkateshwara Avenue 1 Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vaithiyar Street Ext 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value amounts to Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, bringing the total to Rs 1,74,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaithiyar Street Ext 1 To 4 Streets?

The Vaithiyar Street Ext 1 To 4 Streets fall under the jurisdiction of 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Thirusulam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vaithiyar Street Ext 1 To 4 Streets?

The current guideline value of Vaithiyar Street Ext 1 To 4 Streets is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,940 per sq.ft in 2024.

What is the land classification for Vaithiyar Street Ext 1 To 4 Streets?

Vaithiyar Street Ext 1 To 4 Streets is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Pallavaram Sub Registrar Office, which covers Vaithiyar Street Ext 1 To 4 Streets, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Vaithiyar Street Ext 1 To 4 Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,35,800.