Guideline Value for VANNIAR LANE

Vanniar Lane guideline value

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

How the guideline value of Vanniar Lane has changed

The guideline value for Vanniar Lane has undergone 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 substantial rise of 279%. However, the value saw a decrease to Rs 3,551 per sq.ft in 2017, representing a decline of 33%. The latest revision in 2024 has brought the value back up to Rs 5,800 per sq.ft, reflecting an increase of 63% from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 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 carry 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 aligns with the current value of Vanniar Lane.

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

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 fees together to Rs 5,22,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanniar Lane?

The Sub Registrar Office that covers Vanniar Lane 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 in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vanniar Lane?

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

How much 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 a property in Vanniar Lane?

For a 1,000 sq.ft plot at the current guideline value, the total 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 Lane?

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

What is the land classification for Vanniar Lane?

Vanniar Lane is classified as Residential Class I Type - I, indicating its designation for residential use.