Guideline Value for VATCHALAPURAM 1ST STREET

Vatchalapuram 1st Street guideline value

The current guideline value of Vatchalapuram 1st Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vatchalapuram 1st Street has changed

Over the years, the guideline value of Vatchalapuram 1st Street has seen several revisions. The 2017 revision recorded a guideline value of Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The most recent 2024 revision set the value at Rs 870 per sq.ft, again reflecting a +9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by +18%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the recorded revisions only reflect the years 2017, 2023, and 2024.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for the village is Rs 770 per sq.ft, placing Vatchalapuram 1st Street's 2024 figure above this median.

• Vatchalapuram 2nd Street: Rs 870 per sq.ft (2024)
• Vatchalapuram 3rd Street: Rs 870 per sq.ft (2024)
• Vatchalapuram & Streets: Rs 870 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 770 per sq.ft (2024)
• Vasantham Nagar: Rs 770 per sq.ft (2024)
• Valarmathi Nagar: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Vatchalapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty is charged at 7%, which totals Rs 60,900, while the registration fee is 2%, amounting to Rs 17,400. Together, the total cost for stamp duty and registration fee would be Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vatchalapuram 1st Street?

The Sub Registrar Office that covers Vatchalapuram 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role when buying or selling property in Thiruninravur-B. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. The value ensures that the government receives appropriate revenue based on the property's worth.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the market rates in the area. It is essential for both parties to be aware of this value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Vatchalapuram 1st Street?

The current guideline value of Vatchalapuram 1st Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This reflects an overall increase of +18% from 2017 to 2024.

What is the land classification for Vatchalapuram 1st Street?

The land classification for Vatchalapuram 1st Street is Residential Class II Type - II.

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

The stamp duty for properties in Vatchalapuram 1st Street is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 78,300 for these fees.

Where is the Sub Registrar Office for Vatchalapuram 1st Street located?

The Avadi Sub Registrar Office, which covers Vatchalapuram 1st Street, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.