Guideline Value for VAZHAVANTHAMMAN KOIL CROSS STREET (SOUTH PART)

Vazhavanthamman Koil Cross Street (South Part) guideline value

The current guideline value of Vazhavanthamman Koil Cross Street (South Part) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Vazhavanthamman Koil Cross Street (South Part) has changed

The guideline value for Vazhavanthamman Koil Cross Street (South Part) has undergone significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft. With the latest revision in 2024, the value increased to Rs 1,700 per sq.ft, reflecting a change of +69% from the previous figure.

It is important to note that the register does not contain figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Vazhavanthamman Koil Cross Street (South Part) has a guideline value below this median.

• Vazhavanthamman Koil Street: Rs 1,700 per sq.ft (2024)
• Vazhavanthamman Koil Street Extension: Rs 1,700 per sq.ft (2024)
• Varadharajan Street (Grama Nedunchalai 19th Cross Street): Rs 2,200 per sq.ft (2024)
• Velu Street: Rs 2,200 per sq.ft (2024)
• Velu Street Extension: Rs 2,200 per sq.ft (2024)
• Velu Street (Near Canal): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vazhavanthamman Koil Cross Street (South Part)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vazhavanthamman Koil Cross Street (South Part)?

The Vazhavanthamman Koil Cross Street (South Part) falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vazhavanthamman Koil Cross Street (South Part)?

The current guideline value of Vazhavanthamman Koil Cross Street (South Part) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, which recorded a value of Rs 1,005 per sq.ft, the guideline value has increased by +69% to Rs 1,700 per sq.ft in 2024. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Sholinganallur - 1 with similar guideline values?

Other streets in Sholinganallur - 1 with similar guideline values include Vazhavanthamman Koil Street and Vazhavanthamman Koil Street Extension, both at Rs 1,700 per sq.ft. Other streets like Varadharajan Street and Velu Street have a higher guideline value of Rs 2,200 per sq.ft.

What is the registration fee for property in Vazhavanthamman Koil Cross Street (South Part)?

The registration fee for property in Vazhavanthamman Koil Cross Street (South Part) is calculated based on the guideline value. For a property valued at Rs 17,00,000, the registration fee would be Rs 34,000 at 2% of the guideline value.

Which office handles the registration for Vazhavanthamman Koil Cross Street (South Part)?

The Neelankarai Sub Registrar Office handles the registration for Vazhavanthamman Koil Cross Street (South Part). The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.