Guideline Value for VANNARA STREET

Vannara Street guideline value

The current guideline value of Vannara Street is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Vannara Street has changed

The guideline value for Vannara Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 25 per sq.ft. This increased significantly to Rs 80 per sq.ft in 2012, before experiencing a decrease to Rs 54 per sq.ft in 2017. The value then rose sharply to Rs 100 per sq.ft in 2023, and finally, it has reached Rs 104 per sq.ft in the 2024 revision, marking a 4% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 316%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft. The median value for these streets is Rs 104 per sq.ft, which is equal to the guideline value of Vannara Street.

• Vaniyar Street: Rs 104 per sq.ft (2024)
• Vanniyar Street: Rs 104 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 104 per sq.ft (2024)
• S.P Balu Gardens: Rs 150 per sq.ft (2024)
• Sorakayapet (Thoppu Street): Rs 104 per sq.ft (2024)
• Saliyar Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Vannara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value is Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total fees to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vannara Street?

The Sub Registrar Office that covers Vannara Street 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are compliant with local regulations.

When a property is sold, the guideline value serves as a baseline for calculating the applicable fees. Buyers should be aware that the fees are based on the higher amount between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Vannara Street?

The current guideline value of Vannara Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, reflecting an overall increase of 316% over the years.

What are the other streets in Kolathur with similar guideline values?

Other streets in Kolathur, such as Vaniyar Street, Vanniyar Street, and Sri Venkateswara Nagar, also have a guideline value of Rs 104 per sq.ft as of 2024.

How is stamp duty calculated for properties in Vannara Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 7,280.

Where can I find the Sub Registrar Office for Vannara Street?

The Sub Registrar Office covering Vannara Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.