Guideline Value for VANNIAR 1ST STREET

Vanniar 1st Street guideline value

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

How the guideline value of Vanniar 1st Street has changed

The guideline value of Vanniar 1st 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, marking a change of +279%. This figure remained unchanged until the 2023 revision, where it was again Rs 5,300 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft, reflecting a +9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +314%.

Guideline values in Puliyur

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

• Vanniar 2nd Street: Rs 5,800 per sq.ft (2024)
• Vanniar 1st Cross 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)
• Vannara Pathai: Rs 5,300 per sq.ft (2024)
• Vandi Pathai: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniar 1st 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 amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanniar 1st Street?

The Sub Registrar Office that covers Vanniar 1st 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 details.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all transactions.

Buyers and sellers should be aware that the guideline value is updated periodically, and it is essential to refer to the latest figures to ensure compliance with registration requirements. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Vanniar 1st 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 the years.

What are the stamp duty and registration fees for properties in Vanniar 1st Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which Sub Registrar Office covers Vanniar 1st Street?

The Kodambakkam Sub Registrar Office covers Vanniar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification of Vanniar 1st Street?

Vanniar 1st Street is classified as Residential Class I Type - I under the Kodambakkam SRO.