Guideline Value for VARADHARAJAPETTAI 3RD STREET

Varadharajapettai 3rd Street guideline value

The current guideline value of Varadharajapettai 3rd Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Varadharajapettai 3rd Street has changed

Since the 2002 revision, the guideline value for Varadharajapettai 3rd Street has undergone significant changes. In 2002, the guideline value was Rs 795 per sq.ft. This increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then saw a further increase of 49% to Rs 1,300 per sq.ft in 2007. Following this, the guideline value jumped to Rs 4,300 per sq.ft in 2012, reflecting a 231% increase. However, there was a decline of 33% to Rs 2,881 per sq.ft in 2017, before rising again to Rs 4,300 per sq.ft in 2023, and finally reaching Rs 4,600 per sq.ft in 2024, which is a 7% increase from the previous year.

Notably, the register has no figures for the years between 2002 and 2003, 2003 and 2007, and 2012 and 2017. Overall, the guideline value has increased by 479% from 2002 to 2024.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Varadharajapettai 3rd Street's 2024 figure below this median.

• Varadharajapettai 2nd Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 4th Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 1st Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai Main Road: Rs 5,800 per sq.ft (2024)
• Varadhappan Street (West Mambalam): Rs 6,300 per sq.ft (2024)
• Varadhappan Street (Kodambakkam): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Varadharajapettai 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Varadharajapettai 3rd Street?

The Sub Registrar Office that covers Varadharajapettai 3rd 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 plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Varadharajapettai 3rd Street?

The current guideline value of Varadharajapettai 3rd Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 795 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, which is a total increase of 479% over the years.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Varadharajapettai 3rd Street.

What are the stamp duty and registration fees for property in Varadharajapettai 3rd Street?

For a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 and the registration fee would be Rs 92,000, totaling Rs 4,14,000.

Which office handles registrations for Varadharajapettai 3rd Street?

The Kodambakkam Sub Registrar Office handles registrations for Varadharajapettai 3rd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.