Guideline Value for VANIKAR STREET

Vanikar Street guideline value

The current guideline value of Vanikar Street in Thiruporur village, under the Thiruporur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Vanikar Street has changed

The guideline value for Vanikar Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a growth of 167%. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The 2023 revision set the value at Rs 800 per sq.ft, which then increased to Rs 880 per sq.ft in 2024, a rise of 10%. There are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 193%, showcasing the fluctuations and adjustments made throughout the years. The transition from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024 represents a substantial increase of 49% over this period.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median guideline value is Rs 880 per sq.ft, which aligns with the 2024 figure for Vanikar Street.

• Vannara @ Vendarasi Amman Koil Street: Rs 880 per sq.ft (2024)
• Thiruvanchavadi Street: Rs 880 per sq.ft (2024)
• West Mada Street: Rs 1,100 per sq.ft (2024)
• Sri Subramanya Avenue: Rs 1,100 per sq.ft (2024)
• Sowbaghiya Nagar: Rs 880 per sq.ft (2024)
• South Mada Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vanikar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Please note that the 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 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 Thiruporur

The guideline value is a critical factor in property transactions in Thiruporur. It serves as the basis for calculating stamp duty and registration fees, which are essential costs associated with property purchases. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value is assessed to determine the applicable duties. This ensures that the transaction is recorded accurately, reflecting the official value set by the government, which plays a significant role in property taxation and legal documentation.

Frequently asked questions

What is the current guideline value of Vanikar Street?

The current guideline value of Vanikar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 193% over this period.

What are the other streets with the same guideline value in Thiruporur?

Other streets in Thiruporur with the same guideline value of Rs 880 per sq.ft in 2024 include Vannara @ Vendarasi Amman Koil Street, Thiruvanchavadi Street, Sowbaghiya Nagar, and South Mada Street.

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

For a 1,000 sq.ft property at the guideline value of Rs 880 per sq.ft, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for Vanikar Street?

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