Guideline Value for VANNIYAR SRTEET

Vanniyar Srteet guideline value

The current guideline value of Vanniyar Srteet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Vanniyar Srteet has changed

Over the years, the guideline value of Vanniyar Srteet has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, in the following revision in 2017, the value dropped to Rs 502 per sq.ft. The 2023 revision maintained the same value of Rs 750 per sq.ft, which has remained unchanged in the 2024 revision.

Between the revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 1150%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and overall, from 2007 to 2024, the guideline value has increased by 1150%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with a 2024 guideline value range from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the 2024 figure for Vanniyar Srteet.

• Vaniyar Street: Rs 750 per sq.ft (2024)
• Varasakthi Vinayagar Kovil St: Rs 750 per sq.ft (2024)
• Valluvar Srteet: Rs 750 per sq.ft (2024)
• Vallappakkam Road: Rs 750 per sq.ft (2024)
• Vakkar St: Rs 750 per sq.ft (2024)
• Vaishnavi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniyar Srteet

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,50,000. The stamp duty at 7% amounts to Rs 52,500, and the registration fee at 2% is Rs 15,000, totaling Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanniyar Srteet?

The Sub Registrar Office that covers Vanniyar Srteet is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Walajabad, the guideline value plays a crucial role in determining the amount of stamp duty and registration fees payable. The guideline value is used as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial implications of property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vanniyar Srteet?

The current guideline value of Vanniyar Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced fluctuations, with significant increases and decreases. From Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, it then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft since then.

What is the classification of Vanniyar Srteet?

Vanniyar Srteet is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Vanniyar Srteet?

For a property valued at Rs 7,50,000, the stamp duty is Rs 52,500 and the registration fee is Rs 15,000, totaling Rs 67,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, and it is responsible for property registrations in the area.