Guideline Value for VANAJA VANIGA VALAGAM

Vanaja Vaniga Valagam guideline value

The current guideline value of Vanaja Vaniga Valagam is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Special Type - III.

How the guideline value of Vanaja Vaniga Valagam has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision also set the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures recorded for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 49%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Vanaja Vaniga Valagam's 2024 guideline value is above this median.

• Vanivilasa Puram: Rs 100 per sq.ft (2024)
• Vanivilasa Puram Colony: Rs 126 per sq.ft (2024)
• Varadhappa Nagar: Rs 200 per sq.ft (2024)
• Thoppu Street: Rs 300 per sq.ft (2024)
• West Street: Rs 202 per sq.ft (2024)
• Thanga Salai Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vanaja Vaniga Valagam

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanaja Vaniga Valagam?

The Sub Registrar Office that covers Vanaja Vaniga Valagam is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Podaturpet. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is considered to establish the official value of the property for taxation purposes. This ensures that the appropriate duties are collected based on the established rates, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vanaja Vaniga Valagam?

The current guideline value of Vanaja Vaniga Valagam is Rs 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 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting an overall increase of 49% from 2017 to 2024.

What are the other streets in Podaturpet and their guideline values?

Other streets in Podaturpet include Vanivilasa Puram at Rs 100 per sq.ft, Vanivilasa Puram Colony at Rs 126 per sq.ft, Varadhappa Nagar at Rs 200 per sq.ft, Thoppu Street at Rs 300 per sq.ft, West Street at Rs 202 per sq.ft, and Thanga Salai Street at Rs 250 per sq.ft.

What fees are associated with property transactions in Vanaja Vaniga Valagam?

When purchasing property in Vanaja Vaniga Valagam, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vanaja Vaniga Valagam?

The Sub Registrar Office for Vanaja Vaniga Valagam is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.