Guideline Value for VAITHIYAR STREET EXTN

Vaithiyar Street Extn guideline value

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

How the guideline value of Vaithiyar Street Extn has changed

The guideline value for Vaithiyar Street Extn has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. The value then increased significantly to Rs 1,800 per sq.ft in 2023, before rising again to Rs 1,940 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

From 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an 8% rise. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value is Rs 1,940 per sq.ft, which is equal to the current value of Vaithiyar Street Extn.

• Vaithiyar Street Ext 1 To 4 Streets: 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 Extn

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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaithiyar Street Extn?

The Sub Registrar Office that covers Vaithiyar Street Extn 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 information.

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

The guideline value is a crucial factor when registering property in Thirusulam. It determines the amount of stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must ensure that the sale price is at least equal to or higher than the guideline value to avoid legal complications during registration.

Frequently asked questions

What is the current guideline value of Vaithiyar Street Extn?

The current guideline value of Vaithiyar Street Extn 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 Extn?

Vaithiyar Street Extn is classified as Residential Class II Type - I under the Pallavaram SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for a property at the current guideline value is 7%, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,74,600 in fees.

Where is the Sub Registrar Office for Vaithiyar Street Extn located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.