Guideline Value for VUTHRANI AMMAL NAGAR-III

Vuthrani Ammal Nagar-III guideline value

The current guideline value of Vuthrani Ammal Nagar-III is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Panapakkam village and is registered with the Ponneri SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Vuthrani Ammal Nagar-III has changed

The guideline value for Vuthrani Ammal Nagar-III has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023 and remaining unchanged from 2023 to 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. This means that the only available figures are from the 2017, 2023, and 2024 revisions, with the current rate reflecting a 49% increase overall since 2017.

Guideline values in Panapakkam

In addition to Vuthrani Ammal Nagar-III, other streets in Panapakkam under the Ponneri SRO also have guideline values set at Rs 100 per sq.ft for 2024. Here are some of those streets:

• N.R.D. Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vuthrani Ammal Nagar-III

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. 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 further calculations.

Which Sub Registrar Office covers Vuthrani Ammal Nagar-III?

The Sub Registrar Office that covers Vuthrani Ammal Nagar-III is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Panapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Panapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vuthrani Ammal Nagar-III?

The current guideline value of Vuthrani Ammal Nagar-III is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall since 2017.

What is the stamp duty rate for property in Vuthrani Ammal Nagar-III?

The stamp duty rate for property in Vuthrani Ammal Nagar-III is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Vuthrani Ammal Nagar-III?

The land classification for Vuthrani Ammal Nagar-III is Residential Class II Type - I.