Guideline Value for VANIYAR STREET

Vaniyar Street guideline value

The current guideline value of Vaniyar Street in Beerakupam village is Rs 175 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Vaniyar Street has changed

The guideline value for Vaniyar Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 75 per sq.ft, which increased to Rs 175 per sq.ft in the 2012 revision, marking a significant rise of 133%. However, in the 2017 revision, it decreased to Rs 117 per sq.ft, a drop of 33%. The value remained at Rs 175 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 133%. Notably, there are no figures available for Vaniyar Street in the 2002 and 2003 revisions.

Guideline values in Beerakupam

In Beerakupam, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft. The median value is Rs 175 per sq.ft, which is equal to the 2024 figure for Vaniyar Street.

• Vannara Street: Rs 175 per sq.ft (2024)
• South Street: Rs 150 per sq.ft (2024)
• S.Agraharam New Road: Rs 150 per sq.ft (2024)
• Passukal Battai Street: Rs 150 per sq.ft (2024)
• Noochili Road: Rs 175 per sq.ft (2024)
• Navithar Street: Rs 175 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 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, resulting in a total of Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaniyar Street?

The Vaniyar Street falls under the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Beerakupam. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property sales.

When buying or selling property, it is essential to refer to the guideline value to understand the financial obligations involved. This value helps in determining the minimum price at which a property can be registered, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Vaniyar Street?

The current guideline value of Vaniyar Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, with the most significant change occurring between 2007 and 2012, where it increased by 133%. The value has remained stable at Rs 175 per sq.ft since 2012, with no change noted between the 2023 and 2024 revisions.

What are the other streets in Beerakupam and their guideline values?

Other streets in Beerakupam include Vannara Street, South Street, S.Agraharam New Road, Passukal Battai Street, Noochili Road, and Navithar Street, with guideline values ranging from Rs 150 to Rs 175 per sq.ft.

What is the stamp duty rate for property in Vaniyar Street?

The stamp duty rate for property transactions in Vaniyar Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Vaniyar Street?

The Ramakrishna Rajupettai Sub Registrar Office is responsible for handling property registrations for Vaniyar Street, located at Pallipattu Road, Rk Pettai 631 303, Chennai.