Guideline Value for VANIYAR STREET

Vaniyar Street guideline value

The current guideline value of Vaniyar Street in Pudupet village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Special Type - II.

How the guideline value of Vaniyar Street has changed

The guideline value for Vaniyar Street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 500 per sq.ft, showing no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 24%. Overall, from 2017 to 2024, the increase remains at 24% as well, with the value stabilizing at Rs 500 per sq.ft since 2023.

Guideline values in Pudupet

In Pudupet village, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft, with a median value of Rs 350 per sq.ft. Vaniyar Street's 2024 figure is above this median.

• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• West Street: Rs 600 per sq.ft (2024)
• West Street Santhu: Rs 250 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)
• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Vaniyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty is charged at 7%, amounting to Rs 35,000, and the registration fee is 2%, which is Rs 10,000. Together, the total fees would be Rs 45,000. It is 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 Vaniyar Street?

The Vaniyar Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps determine the minimum price at which the property can be sold. This ensures transparency in transactions and protects both buyers and sellers by establishing a fair valuation based on government assessments.

Frequently asked questions

What is the current guideline value of Vaniyar Street?

The current guideline value of Vaniyar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 and has remained the same through 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Vaniyar Street?

Vaniyar Street is classified as Residential Special Type - II under the guideline value register.

What are the stamp duty and registration fees for property in Vaniyar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Which office handles registrations for Vaniyar Street?

The Pallipattu Sub Registrar Office handles registrations for Vaniyar Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.