Guideline Value for Vadamalli Poo Street

Vadamalli Poo Street guideline value

The current guideline value of Vadamalli Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Araneri village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vadamalli Poo Street has changed

Over the years, the guideline value of Vadamalli Poo Street has experienced several revisions. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

It is important to note that the register has no figures for Vadamalli Poo Street for the years 2002, 2003, and 2007. This lack of data indicates that the street's valuation was not recorded during those revisions.

Guideline values in Araneri

In Araneri village, there are nine streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 471 per sq.ft. The median value among these streets is Rs 300 per sq.ft, positioning Vadamalli Poo Street at this median value.

• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Vijaya Sri Nagar: Rs 300 per sq.ft (2024)
• Poovarasam Poo street: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Om Sakthi Nagar: Rs 300 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vadamalli Poo Street

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 cost for these fees 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.

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

Which Sub Registrar Office covers Vadamalli Poo Street?

The Sub Registrar Office that covers Vadamalli Poo 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 Araneri

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Araneri. When a property transaction occurs, the guideline value is used to assess the applicable fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vadamalli Poo Street?

The current guideline value of Vadamalli Poo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. The value was Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, remained at Rs 300 per sq.ft in 2023, and again stayed at Rs 300 per sq.ft in 2024.

What is the land classification for Vadamalli Poo Street?

Vadamalli Poo Street is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property in Vadamalli Poo Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which office handles registrations for Vadamalli Poo Street?

The Sriperumpudur Sub Registrar Office handles registrations for Vadamalli Poo Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.