Guideline Value for VANIKAR STREET

Vanikar Street guideline value

The current guideline value of Vanikar Street is Rs 600 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Vanikar Street has changed

The guideline value of Vanikar Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 200% rise. However, by 2017, the value decreased to Rs 402 per sq.ft, a drop of 33% from the previous revision. The most recent revision in 2023 saw the guideline value rise again to Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. Vanikar Street's guideline value stands at Rs 600 per sq.ft, which is part of the overall guideline values in the area.

Stamp duty and registration fee for property in Vanikar Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanikar Street?

The Sub Registrar Office that covers Vanikar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kovalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This value is important for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Vanikar Street?

The current guideline value of Vanikar Street is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Vanikar Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Vanikar Street?

The Thiruporur Sub Registrar Office handles registrations for Vanikar Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu zone.

Are there any other streets listed in Kovalam?

No specific figures or other streets in Kovalam under the Thiruporur SRO have been provided.