Guideline Value for Vaaniar St

Vaaniar St guideline value

The current guideline value of Vaaniar St, located in Perampakkam village under the Perambakkam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Vaaniar St has changed

Starting from the 2007 revision, the guideline value for Vaaniar St was Rs 100 per sq.ft. This increased significantly by 200% to Rs 300 per sq.ft in the 2012 revision. However, the value then decreased by 33% to Rs 201 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and the 2024 revision also kept it at Rs 300 per sq.ft, showing no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 200%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Vaaniar St's 2024 figure below that median.

• Vanniar St: Rs 400 per sq.ft (2024)
• Thiruvallur Road: Rs 400 per sq.ft (2024)
• Sathya Sai Nagar: Rs 300 per sq.ft (2024)
• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• Pettai St: Rs 350 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Vaaniar St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaaniar St?

The Sub Registrar Office that covers Vaaniar St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perampakkam. It determines the minimum value at which a property can be sold and is used to calculate stamp duty and registration fees during the sale process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the official valuation. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Vaaniar St?

The current guideline value of Vaaniar St is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Perampakkam?

The median guideline value for streets in Perampakkam is Rs 350 per sq.ft, with Vaaniar St's 2024 figure being below this median.

What are the stamp duty and registration fees for Vaaniar St?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 27,000, calculated based on the guideline value of Rs 3,00,000.

Where can I find the Sub Registrar Office for Vaaniar St?

The Sub Registrar Office for Vaaniar St is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.