Guideline Value for VARADHARAJAPETTAI 4TH STREET

Varadharajapettai 4th Street guideline value

The current guideline value of Varadharajapettai 4th Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Varadharajapettai 4th Street has changed

The guideline value for Varadharajapettai 4th Street has undergone several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003, marking a change of +10%. The value then saw a significant rise to Rs 1,300 per sq.ft in 2007, an increase of +49%. By 2012, the guideline value reached Rs 4,300 per sq.ft, reflecting a remarkable growth of +231%. However, from 2012 to 2017, the value decreased to Rs 2,881 per sq.ft, a decline of -33%. The most recent revision in 2024 set the value at Rs 4,600 per sq.ft, representing a substantial increase of +60% from the 2017 figure.

It is important to note that there is no figure for this street in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by +479%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Varadharajapettai 4th Street's 2024 figure below that median.

• Varadharajapettai 3rd Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai Main Road: Rs 5,800 per sq.ft (2024)
• Varadharajapettai 2nd Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 1st Street: Rs 4,600 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 4th 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. It's important to 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 details.

Which Sub Registrar Office covers Varadharajapettai 4th Street?

The Sub Registrar Office covering Varadharajapettai 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Varadharajapettai 4th Street?

The current guideline value of Varadharajapettai 4th 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 significant changes, increasing from Rs 795 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, which is an overall increase of +479%.

What is the land classification for Varadharajapettai 4th Street?

The land classification for Varadharajapettai 4th Street is Residential Class IV Type - I.

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

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 property registration for Varadharajapettai 4th Street?

The Kodambakkam Sub Registrar Office handles property registration for Varadharajapettai 4th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.