Guideline Value for VANDI PATHAI

Vandi Pathai guideline value

The current guideline value of Vandi Pathai is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - I.

How the guideline value of Vandi Pathai has changed

The guideline value for Vandi Pathai has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 983 per sq.ft. This increased to Rs 1,300 per sq.ft in 2007, marking a growth of 32%. The value then rose significantly to Rs 4,300 per sq.ft in 2012, reflecting an increase of 231%. However, it decreased to Rs 2,881 per sq.ft in 2017, a drop of 33%. The latest revision in 2024 set the value at Rs 4,600 per sq.ft, which is a 60% increase from 2017.

There are no recorded figures for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 368%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Vandi Pathai's 2024 figure below the median.

• Vannara Pathai: Rs 5,300 per sq.ft (2024)
• Vanniar 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Vanniar 1st Street: Rs 5,800 per sq.ft (2024)
• Vanniar 2nd Street: Rs 5,800 per sq.ft (2024)
• Vanniar Lane: Rs 5,800 per sq.ft (2024)
• Vanniar Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Vandi Pathai

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vandi Pathai?

The Sub Registrar Office that covers Vandi Pathai is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers should be aware of the guideline value to understand their financial obligations better.

Frequently asked questions

What is the current guideline value of Vandi Pathai?

The current guideline value of Vandi Pathai is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 983 per sq.ft in 2003 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 368% over the years.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Vandi Pathai's value being below this median at Rs 4,600 per sq.ft.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Vandi Pathai?

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 stamp duty would be Rs 3,22,000.