Guideline Value for VATCHALAPURAM 2ND STREET

Vatchalapuram 2nd Street guideline value

The current guideline value of Vatchalapuram 2nd Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Vatchalapuram 2nd Street has changed

The guideline value for Vatchalapuram 2nd Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 737 per sq.ft. In 2023, the value increased to Rs 800 per sq.ft, and the latest revision in 2024 saw it rise to Rs 870 per sq.ft. This marks a change of +9% from 2023 to 2024 and +9% from 2017 to 2023, resulting in an overall increase of +18% from 2017 to 2024.

It is important to note that the register has no figures for Vatchalapuram 2nd Street for the years 2002, 2003, 2007, and 2012. Therefore, the only figures available are from 2017, 2023, and the current 2024 revision.

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 is Rs 770 per sq.ft, which means Vatchalapuram 2nd Street's 2024 figure is above this median.

• Vatchalapuram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, and the registration fee at 2% would be Rs 17,400, resulting in a total of Rs 78,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vatchalapuram 2nd Street?

The Vatchalapuram 2nd Street falls under the jurisdiction of 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 is a crucial factor in property transactions in Thiruninravur-B. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is periodically revised to reflect changes in the market.

When selling property, the guideline value can influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction.

Frequently asked questions

What is the current guideline value of Vatchalapuram 2nd Street?

The current guideline value of Vatchalapuram 2nd 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 increased 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. Overall, this represents an increase of +18% from 2017 to 2024.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft. Vatchalapuram 2nd Street's current guideline value is above this median.

What are the stamp duty and registration fees for property in Vatchalapuram 2nd Street?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300.

Which office handles the registration for Vatchalapuram 2nd Street?

The Avadi Sub Registrar Office handles the registration for Vatchalapuram 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.