Guideline Value for VANNIAR 1ST CROSS STREET

Vanniar 1st Cross Street guideline value

The current guideline value of Vanniar 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Vanniar 1st Cross Street has changed

The guideline value for Vanniar 1st Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012. However, it dropped to Rs 3,551 per sq.ft in 2017. The 2023 revision saw a rise to Rs 5,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 314%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which matches the current value for Vanniar 1st Cross Street.

• 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)
• Vannara Pathai: Rs 5,300 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 Vanniar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. 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 Vanniar 1st Cross Street?

The Sub Registrar Office that covers Vanniar 1st Cross Street 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 plays a crucial role during property registration in Puliyur. It is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the local real estate market conditions. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vanniar 1st Cross Street?

The current guideline value of Vanniar 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 314% over this period.

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

Other streets in Puliyur with a guideline value of Rs 5,800 per sq.ft include Vanniar 1st Street, Vanniar 2nd Street, Vanniar Lane, and Vanniar Street.

What is the stamp duty rate in Puliyur?

The stamp duty rate in Puliyur is 7%, which is applied to the higher of the guideline value or the sale price of the property.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, or by using the online find your SRO tool.