Guideline Value for VARADHARAJAN ST

Varadharajan St guideline value

The current guideline value of Varadharajan St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Varadharajan St has changed

The guideline value for Varadharajan St has seen several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft as per the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is the same as the guideline value for Varadharajan St.

• Velayudham St: Rs 1,980 per sq.ft (2024)
• Venkateswara Oil Mill St: Rs 990 per sq.ft (2024)
• Vgn Aviv Enclave: Rs 2,420 per sq.ft (2024)
• V.G.N.Royal Enclave: Rs 1,950 per sq.ft (2024)
• Thiruvallur St: Rs 990 per sq.ft (2024)
• Zahir Hussain Street: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Varadharajan St

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 information.

Which Sub Registrar Office covers Varadharajan St?

The Sub Registrar Office that covers Varadharajan St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to determine the applicable taxes, ensuring that both buyers and sellers are aware of the financial obligations involved in the sale. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Varadharajan St?

The current guideline value of Varadharajan St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft in 2024.

What is the land classification for Varadharajan St?

Varadharajan St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Varadharajan St?

For a 1,000 sq.ft plot, the guideline value is Rs 9,90,000. The stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office is responsible for Varadharajan St?

The Avadi Sub Registrar Office is responsible for Varadharajan St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.