Guideline Value for Vada Agaram 1st Street

Vada Agaram 1st Street guideline value

The current guideline value of Vada Agaram 1st Street is Rs 12,000 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Vada Agaram 1st Street has changed

In the 2017 revision, the guideline value was Rs 7,370 per sq.ft. This increased to Rs 11,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 12,000 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 63% in the guideline value. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Vada Agaram 1st Street above this median.

• Vada Agaram Road: Rs 7,700 per sq.ft (2024)
• Vada Agaram Street: Rs 6,600 per sq.ft (2024)
• Thiruvalluvarpuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvarpuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thanthoni Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Vinayagar 1st Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vada Agaram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,000 per sq.ft, the total guideline value amounts to Rs 1,20,00,000. The stamp duty at 7% would be Rs 8,40,000, and the registration fee at 2% would be Rs 2,40,000, totaling Rs 10,80,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vada Agaram 1st Street?

The Sub Registrar Office that covers Vada Agaram 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaagaram. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vada Agaram 1st Street?

The current guideline value for Vada Agaram 1st Street is Rs 12,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 63%, rising from Rs 7,370 per sq.ft to Rs 12,000 per sq.ft.

What is the land classification for Vada Agaram 1st Street?

The land classification for Vada Agaram 1st Street is Commercial Class I Type - I.

Where can I find the registration office for Vada Agaram 1st Street?

The registration office for Vada Agaram 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Vada Agaram?

Stamp duty for properties in Vada Agaram is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.