Guideline Value

Corporate

Guideline Value for VANJEENATHAN STREET

₹1700/sq.ft.

The guideline value for Vanjeenathan Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹345 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹309 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vanjeenathan Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vanjeenathan Street guideline value

The current guideline value of Vanjeenathan Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Vanjeenathan Street has changed

The guideline value for Vanjeenathan Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 309 per sq.ft, which increased to Rs 345 per sq.ft in 2003, marking a 12% rise. The value saw a significant jump to Rs 700 per sq.ft in 2007, reflecting a 103% increase. The 2012 revision saw the value remain at Rs 1,500 per sq.ft, which was a substantial increase of 114% from the previous revision. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, which then increased by 13% to the current value of Rs 1,700 per sq.ft in 2024.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 450%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which means that Vanjeenathan Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Vanjeenathan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vanjeenathan Street?

The Sub Registrar Office that covers Vanjeenathan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Palavakkam, the guideline value is crucial as it determines the stamp duty and registration fees applicable during the transaction. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that both buyers and sellers adhere to the legal requirements set by the registration department.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market, and understanding it can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Vanjeenathan Street?

The current guideline value of Vanjeenathan Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 309 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the registration office for Vanjeenathan Street?

The registration office for Vanjeenathan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for properties on this street?

For a property with a guideline value of Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.