Guideline Value for VANIVILASA PURAM

Vanivilasa Puram guideline value

The current guideline value of Vanivilasa Puram, located in Podaturpet village under the Pallipattu SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - III land classification.

How the guideline value of Vanivilasa Puram has changed

The guideline value for Vanivilasa Puram has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to these, the 2017 revision recorded a guideline value of Rs 67 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49% as well.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a guideline value for 2024, 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 is below this median.

• Vanivilasa Puram Colony: Rs 126 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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which would be Rs 7,000, and the registration fee at 2%, which amounts to Rs 2,000. Therefore, the total cost for stamp duty and registration fee would be Rs 9,000. It's important to 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 further calculations.

Which Sub Registrar Office covers Vanivilasa Puram?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are applied. This value is essential for maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vanivilasa Puram?

The current guideline value of Vanivilasa Puram is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, reflecting a 49% increase over this period.

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

Other streets in Podaturpet include Vanivilasa Puram Colony at Rs 126 per sq.ft, Vanaja Vaniga Valagam at Rs 300 per sq.ft, and Varadhappa Nagar at Rs 200 per sq.ft, among others.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total cost for these fees would be Rs 9,000.

Where can I find the Sub Registrar Office for Vanivilasa Puram?

The Sub Registrar Office for Vanivilasa Puram is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information by visiting the relevant link.