Guideline Value for VANNARA PATHAI

Vannara Pathai guideline value

The current guideline value of Vannara Pathai is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Vannara Pathai has changed

The guideline value for Vannara Pathai has seen several revisions over the years. In 2002, the value was Rs 628 per sq.ft, which increased to Rs 690 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,535 per sq.ft in 2007, reflecting an increase of 122%. Following this, the value jumped to Rs 4,900 per sq.ft in 2012, a remarkable 219% increase. However, from 2012 to 2017, the value decreased to Rs 3,283 per sq.ft, a drop of 33%. The value then increased to Rs 4,900 per sq.ft in 2023, representing a 49% rise, and finally reached Rs 5,300 per sq.ft in 2024, an 8% increase.

There are no figures available for the years between these revisions for Vannara Pathai.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Vannara Pathai's 2024 figure below this median.

• Vanniar 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Vanniar 1st Street: Rs 5,800 per sq.ft (2024)
• Vanniar 2nd Street: Rs 5,800 per sq.ft (2024)
• Vanniar Lane: Rs 5,800 per sq.ft (2024)
• Vanniar Street: Rs 5,800 per sq.ft (2024)
• Vandi Pathai: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vannara Pathai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total fees to Rs 4,77,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Vannara Pathai?

The Sub Registrar Office that covers Vannara Pathai is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that property transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vannara Pathai?

The current guideline value of Vannara Pathai is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 628 per sq.ft in 2002 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 744% over the years.

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

Other streets in Puliyur include Vanniar 1st Cross Street, Vanniar 1st Street, Vanniar 2nd Street, Vanniar Lane, Vanniar Street, and Vandi Pathai, with guideline values ranging from Rs 4,600 to Rs 5,800 per sq.ft in 2024.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated for properties in Vannara Pathai?

Stamp duty and registration fees for properties in Vannara Pathai are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 4,77,000 based on the current guideline value.