Guideline Value for VadaNoombal Salai

VadaNoombal Salai guideline value

The current guideline value of VadaNoombal Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Class III Type - I.

How the guideline value of VadaNoombal Salai has changed

The guideline value for VadaNoombal Salai has seen several revisions over the years. In 2017, the guideline value was Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,100 per sq.ft, marking a 10% increase from 2023 and a significant 64% increase from 2017.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The changes in guideline value reflect the following increments: a 49% increase from 2017 to 2023, and an overall rise of 64% from 2017 to 2024.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of VadaNoombal Salai is below this median.

• Vaishnavi Nagar: Rs 804 per sq.ft (2024)
• Vanagaram Road: Rs 2,200 per sq.ft (2024)
• Thiruverkadu Road: Rs 1,100 per sq.ft (2024)
• Vellalar Street: Rs 1,700 per sq.ft (2024)
• Vengateshwara Industrial Estate: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in VadaNoombal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VadaNoombal Salai?

The Sub Registrar Office that covers VadaNoombal Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of VadaNoombal Salai?

The current guideline value of VadaNoombal Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing a 64% increase over this period.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include Vaishnavi Nagar, Vanagaram Road, Thiruverkadu Road, Vellalar Street, Vengateshwara Industrial Estate, and Thiruvalluvar Street, each with their own guideline values.