Guideline Value for VANNIAYAR PETTAI BHAGAVATH SINGH STREET

Vanniayar Pettai Bhagavath Singh Street guideline value

The current guideline value for Vanniayar Pettai Bhagavath Singh Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Vanniayar Pettai Bhagavath Singh Street has changed

The guideline value for Vanniayar Pettai Bhagavath Singh Street has undergone several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 471%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then saw a sharp increase to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,110 per sq.ft in 2024, reflecting an 11% rise.

Overall, from 2007 to 2024, the guideline value has increased by 534%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, and Vanniayar Pettai Bhagavath Singh Street's 2024 figure is above this median.

• Vanniyar Pettai Kamban Street: Rs 555 per sq.ft (2024)
• Vannia Mettu Street: Rs 1,110 per sq.ft (2024)
• Vanniyar Pettai Narayanan Street: Rs 1,110 per sq.ft (2024)
• Vanniyar Pettai Otthavaadai Street: Rs 1,110 per sq.ft (2024)
• Vedhachalam Nagar: Rs 555 per sq.ft (2024)
• Vadarayan Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniayar Pettai Bhagavath Singh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vanniayar Pettai Bhagavath Singh Street?

The Sub Registrar Office that covers Vanniayar Pettai Bhagavath Singh Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When engaging in a property transaction, it is crucial to be aware of the guideline value, as it influences the overall cost of registration. Buyers and sellers should ensure they are informed about these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vanniayar Pettai Bhagavath Singh Street?

The current guideline value of Vanniayar Pettai Bhagavath Singh Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, showing an overall increase of 534% over the years.

What is the stamp duty for properties in this area?

The stamp duty for properties in Vanniayar Pettai Bhagavath Singh Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for this street?

The Madurandakam Sub Registrar Office is responsible for Vanniayar Pettai Bhagavath Singh Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306.

What are the guideline values of other streets in Mathuranthagam?

Other streets in Mathuranthagam have varying guideline values, with rates ranging from Rs 440 to Rs 1,480 per sq.ft. For example, Vanniyar Pettai Kamban Street has a guideline value of Rs 555 per sq.ft in 2024.