Guideline Value for VANNIAR 2ND STREET

Vanniar 2nd Street guideline value

The current guideline value of Vanniar 2nd Street is Rs 5,800 per sq.ft. 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 2nd Street has changed

The guideline value for Vanniar 2nd Street has undergone several revisions over the years. The earliest recorded figure was in 2007, where the guideline value was Rs 1,650 per sq.ft. This increased significantly to Rs 5,300 per sq.ft in 2012, marking a 221% rise. However, from 2012 to 2017, the value decreased to Rs 3,551 per sq.ft, which represents a 33% drop. The most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft, reflecting a 63% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 252%.

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 value is Rs 5,800 per sq.ft, which is equal to the current figure for Vanniar 2nd Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vanniar 2nd Street?

The Sub Registrar Office that covers Vanniar 2nd 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 is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vanniar 2nd Street?

The current guideline value of Vanniar 2nd 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 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 252%.

What are the other streets with the same guideline value in Puliyur?

Other streets in Puliyur with the same guideline value of Rs 5,800 per sq.ft include Vanniar Lane, Vanniar 1st Street, Vanniar 1st Cross Street, and Vanniar Street.

What is the stamp duty rate for property in Vanniar 2nd Street?

The stamp duty rate for property transactions in Vanniar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vanniar 2nd Street?

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