Guideline Value for VAMANAN SMALL CITY

Vamanan Small City guideline value

The current guideline value of Vamanan Small City is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Vengambakkam village under the Tambaram Joint 1 SRO, classified as Mixed Special Type - I.

How the guideline value of Vamanan Small City has changed

The guideline value for Vamanan Small City has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a change of +10%. Previous revisions in 2017, 2012, 2007, 2003, and 2002 have no figures recorded for this street.

In summary, the 2023 revision was Rs 3,000 per sq.ft, while the 2024 revision increased it to Rs 3,300 per sq.ft. The absence of figures in earlier revisions indicates that the guideline value for Vamanan Small City has been established more recently compared to other streets in the area.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Vamanan Small City's value above this median.

• Vallalar Street: Rs 440 per sq.ft (2024)
• Vasantham Avenue Extension: Rs 1,430 per sq.ft (2024)
• Thulukanathaman Koil Street: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Road: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Cross Street: Rs 440 per sq.ft (2024)
• Thoppu Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Vamanan Small City

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vamanan Small City?

The Sub Registrar Office that covers Vamanan Small City is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vengambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is often used as a reference point for property pricing.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vamanan Small City?

The current guideline value of Vamanan Small City is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting an increase of +10%.

What is the land classification for Vamanan Small City?

Vamanan Small City is classified as Mixed Special Type - I, which indicates its zoning and permissible land uses.

Where can I find the Sub Registrar Office for Vamanan Small City?

The Sub Registrar Office for Vamanan Small City is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Vamanan Small City?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000.