Guideline Value for VANIVILASA PURAM COLONY

Vanivilasa Puram Colony guideline value

The current guideline value for Vanivilasa Puram Colony, located in Podaturpet village under the Pallipattu SRO, is Rs 126 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Vanivilasa Puram Colony has changed

The guideline value for Vanivilasa Puram Colony has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 84 per sq.ft, marking a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

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. The guideline value for Vanivilasa Puram Colony is below this median.

• Vanivilasa Puram: Rs 100 per sq.ft (2024)
• Vanaja Vaniga Valagam: Rs 300 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 Vanivilasa Puram Colony

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value totals Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees together to Rs 11,340. 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 information.

Which Sub Registrar Office covers Vanivilasa Puram Colony?

The Sub Registrar Office that covers Vanivilasa Puram Colony is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the registration department. This value is essential for legal purposes and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Vanivilasa Puram Colony?

The current guideline value for Vanivilasa Puram Colony is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased from Rs 84 per sq.ft to Rs 126 per sq.ft, reflecting a 50% rise. The value remained the same from 2023 to 2024.

What is the registration office for Vanivilasa Puram Colony?

The registration office for Vanivilasa Puram Colony is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated in Vanivilasa Puram Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot valued at Rs 126 per sq.ft incurs a stamp duty of Rs 8,820.

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

Other streets in Podaturpet include Vanaja Vaniga Valagam at Rs 300 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 for 2024.