Guideline Value for VANAGARAM AMBATTUR ROAD

Vanagaram Ambattur Road guideline value

The current guideline value of Vanagaram Ambattur Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Adayalampattu village, under the Chennai South Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Vanagaram Ambattur Road has changed

The guideline value for Vanagaram Ambattur Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a reduction of 33%. However, the value saw a significant increase to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have figures listed for this street in the register.

Guideline values in Adayalampattu

Adayalampattu village features 19 streets under the Chennai South Joint II SRO with a 2024 guideline value range from Rs 1,650 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing Vanagaram Ambattur Road's 2024 figure above this median.

• Union Road: Rs 2,420 per sq.ft (2024)
• Sky City: Rs 3,300 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 2,420 per sq.ft (2024)
• Perumal Koil Street: Rs 2,420 per sq.ft (2024)
• Panajsalai Street: Rs 2,420 per sq.ft (2024)
• Padasalai Street (1-5 st): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vanagaram Ambattur Road

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, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanagaram Ambattur Road?

The Sub Registrar Office that covers Vanagaram Ambattur Road is the Chennai South Joint II 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 Adayalampattu

The guideline value is a critical factor during the registration process when buying or selling property in Adayalampattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Vanagaram Ambattur Road?

The current guideline value of Vanagaram Ambattur Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Vanagaram Ambattur Road?

Vanagaram Ambattur Road is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Vanagaram Ambattur Road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for properties in Adayalampattu?

The Chennai South Joint II Sub Registrar Office handles registrations for properties in Adayalampattu, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.