Guideline Value for VATCHALAPURAM 3RD STREET

Vatchalapuram 3rd Street guideline value

The current guideline value of Vatchalapuram 3rd Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vatchalapuram 3rd Street has changed

In the 2017 revision, the guideline value for Vatchalapuram 3rd Street was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The most recent revision in 2024 set the value at Rs 840 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 14%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Vatchalapuram 3rd Street's 2024 figure of Rs 840 per sq.ft is above this median.

• Vatchalapuram 2nd Street: Rs 840 per sq.ft (2024)
• Vatchalapuram & Streets: Rs 840 per sq.ft (2024)
• Vatchalapuram 1st Street: Rs 840 per sq.ft (2024)
• Veeraghava Nagar: Rs 660 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 750 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, while the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important 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 3rd Street?

The Vatchalapuram 3rd Street is covered by 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 further assistance.

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

The guideline value is an essential reference for property transactions in Thiruninravur-A, as it determines the minimum value at which properties can be registered. This value is crucial for calculating the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is important to be aware that the guideline value serves as a benchmark for the transaction price. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

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

The current guideline value of Vatchalapuram 3rd Street is Rs 840 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 840 per sq.ft in 2024. The overall increase from 2017 to 2024 is 14%.

What is the land classification of Vatchalapuram 3rd Street?

Vatchalapuram 3rd Street is classified as Residential Class II Type - II.

What are the guideline values of other streets in Thiruninravur-A?

Other streets in Thiruninravur-A have varying guideline values, with Vatchalapuram 2nd Street, Vatchalapuram & Streets, and Vatchalapuram 1st Street all at Rs 840 per sq.ft in 2024. Other streets like Veeraghava Nagar have a guideline value of Rs 660 per sq.ft.

Where is the Avadi Sub Registrar Office located?

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