Guideline Value for VATCHALAPURAM 3RD STREET

Vatchalapuram 3rd Street guideline value

The current guideline value of Vatchalapuram 3rd 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 3rd Street has changed

The guideline value for Vatchalapuram 3rd Street has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 870 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 770 per sq.ft, placing Vatchalapuram 3rd Street's current value above this median.

• Vatchalapuram 2nd Street: Rs 870 per sq.ft (2024)
• Vatchalapuram & Streets: Rs 870 per sq.ft (2024)
• Vatchalapuram 1st Street: 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 3rd 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 at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vatchalapuram 3rd Street?

The Vatchalapuram 3rd Street falls under the jurisdiction of the Avadi Sub Registrar Office. The office is 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 information.

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

The guideline value is an essential factor in property transactions in Thiruninravur-B, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for any property transfer.

When buying or selling property, the guideline value ensures that the transaction is documented at a legally recognized value, helping to maintain transparency in property dealings. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Vatchalapuram 3rd 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, there has been an 18% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Vatchalapuram 3rd 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Vatchalapuram 3rd Street?

The Avadi Sub Registrar Office covers Vatchalapuram 3rd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

Are there other streets in Thiruninravur-B with the same guideline value?

Yes, other streets in Thiruninravur-B, such as Vatchalapuram 2nd Street, Vatchalapuram & Streets, and Vatchalapuram 1st Street, also have a guideline value of Rs 870 per sq.ft in 2024.