Guideline Value for Vada Pushkarani Street

Vada Pushkarani Street guideline value

The current guideline value of Vada Pushkarani Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Vada Pushkarani Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 kept the guideline value at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed between 2023 and 2024.

Guideline values in Sriperumbudur A

Vada Pushkarani Street's guideline value of Rs 700 per sq.ft is equal to the median value for the 238 streets in Sriperumbudur A under the Sriperumpudur SRO, which ranges from Rs 400 to Rs 3,000 per sq.ft.

• True value Homes: Rs 700 per sq.ft (2024)
• T.R.C Nagar: Rs 700 per sq.ft (2024)
• Titti Vasal Street: Rs 1,200 per sq.ft (2024)
• Tirumangai Azhwar Street: Rs 1,800 per sq.ft (2024)
• Vanniyar Street: Rs 1,200 per sq.ft (2024)
• Vasantham Colony: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vada Pushkarani Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,00,000. The stamp duty at 7% amounts to Rs 49,000, and the registration fee at 2% is Rs 14,000, resulting in a total of Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vada Pushkarani Street?

The Sub Registrar Office that covers Vada Pushkarani Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When registering a property, the guideline value will be considered to ensure that the correct fees are applied. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Vada Pushkarani Street?

The current guideline value of Vada Pushkarani Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from 2023 to 2024. It increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Vada Pushkarani Street?

Vada Pushkarani Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Vada Pushkarani Street?

The Sub Registrar Office for Vada Pushkarani Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 63,000.