Guideline Value for VANNIYAR PETTAI OTTHAVAADAI STREET

Vanniyar Pettai Otthavaadai Street guideline value

The current guideline value of Vanniyar Pettai Otthavaadai Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Vanniyar Pettai Otthavaadai Street has changed

The guideline value for Vanniyar Pettai Otthavaadai Street has seen significant changes over the years. In the 2007 revision, the value was Rs 175 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 670 per sq.ft, before rising again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,110 per sq.ft, marking an 11% increase from the previous year.

Looking at the overall changes, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 534%. The register has no figures for the years 2002 and 2003 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, with a median value of Rs 1,100 per sq.ft. Vanniyar Pettai Otthavaadai Street's 2024 guideline value is above this median.

• Vanniyar Pettai Narayanan Street: Rs 1,110 per sq.ft (2024)
• Vanniyar Pettai Kamban Street: Rs 555 per sq.ft (2024)
• Vanniayar Pettai Bhagavath Singh Street: Rs 1,110 per sq.ft (2024)
• Vannia Mettu 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 Vanniyar Pettai Otthavaadai 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 cost for these fees to Rs 99,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanniyar Pettai Otthavaadai Street?

The Vanniyar Pettai Otthavaadai Street falls under the jurisdiction of 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 plays a crucial role in property transactions in Mathuranthagam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions.

When selling a property, the guideline value serves as a reference point for the sale price. It helps in ensuring that the transaction is conducted at a fair value, as it reflects the market conditions and property classifications in the area.

Frequently asked questions

What is the current guideline value of Vanniyar Pettai Otthavaadai Street?

The current guideline value of Vanniyar Pettai Otthavaadai 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 significantly, increasing from Rs 175 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, representing an overall increase of 534%.

What is the land classification for Vanniyar Pettai Otthavaadai Street?

The land classification for Vanniyar Pettai Otthavaadai Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900 in fees.

Which office handles the registration for this street?

The Madurandakam Sub Registrar Office handles the registration for Vanniyar Pettai Otthavaadai Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306.