Guideline Value for VANIAMKULAM SALAI

Vaniamkulam Salai guideline value

The current guideline value of Vaniamkulam Salai is Rs 700 per sq.ft. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vaniamkulam Salai has changed

The guideline value for Vaniamkulam Salai has undergone several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a significant increase of 133%.

With the 2024 revision, the guideline value aligns with the median value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO, which have values ranging from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri village, the guideline values vary, with the current figures for different streets ranging from Rs 201 to Rs 1,200 per sq.ft. Vaniamkulam Salai's 2024 guideline value of Rs 700 per sq.ft is equal to the median value for the area.

• Varadhappa Naickan St: Rs 900 per sq.ft (2024)
• Varadhappa Naicken St: Rs 1,200 per sq.ft (2024)
• Vallalar Street: Rs 700 per sq.ft (2024)
• Vedhagiri Mudali Street: Rs 900 per sq.ft (2024)
• Velavan Nagar: Rs 700 per sq.ft (2024)
• Udayam Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaniamkulam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vaniamkulam Salai?

The Sub Registrar Office that covers Vaniamkulam Salai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees applicable to the transaction.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Vaniamkulam Salai?

The current guideline value of Vaniamkulam Salai is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, representing a 133% increase.

What is the land classification of Vaniamkulam Salai?

Vaniamkulam Salai is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is the stamp duty calculated on properties in Ponneri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.