Guideline Value for VANNIAR STREET

Vanniar Street guideline value

The current guideline value of Vanniar 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 Street has changed

Over the years, the guideline value of Vanniar Street has seen several revisions. The oldest recorded revision is from 2007, where the value was Rs 1,650 per sq.ft. This increased significantly to Rs 5,300 per sq.ft in 2012, marking a change of +221%. However, from 2012 to 2017, the value decreased to Rs 3,551 per sq.ft, reflecting a -33% change. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, which is a +63% increase from the 2017 figure.

There are no recorded figures for the years 2023, 2003, and 2002 for Vanniar 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 guideline value of Vanniar Street.

• Vanniar Lane: Rs 5,800 per sq.ft (2024)
• Vanniar 2nd Street: 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)
• 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 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, while the registration fee at 2% would be Rs 1,16,000. Together, the total cost for these fees would be 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.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vanniar Street?

The Sub Registrar Office that covers Vanniar 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 during the registration of property transactions in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a legitimate value.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that all property transactions are conducted transparently and legally.

Frequently asked questions

What is the current guideline value of Vanniar Street?

The current guideline value of Vanniar 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 significantly from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, showing an overall increase of +252%.

What is the registration office for Vanniar Street?

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

How is stamp duty calculated for properties on Vanniar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 at a rate of 7%.

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

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