Guideline Value for Vadavandai Street

Vadavandai Street guideline value

The current guideline value of Vadavandai Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vadavandai Street has changed

The guideline value for Vadavandai Street has seen significant changes over the years. In the 2017 revision, the value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,540 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Vadavandai Street.

• Vaithilingam Nagar: Rs 4,580 per sq.ft (2024)
• Udayam Nagar: Rs 1,760 per sq.ft (2024)
• Vannia Street: Rs 1,540 per sq.ft (2024)
• Trident Garden Phase I to X: Rs 2,090 per sq.ft (2024)
• Varsha Nagar: Rs 1,540 per sq.ft (2024)
• Varsha Nagar Annexe: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Vadavandai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, resulting in a total of Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Vadavandai Street?

The Sub Registrar Office that covers Vadavandai Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

When buying or selling property in Kunrathour-B, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

It is advisable for buyers and sellers to be aware of the current guideline values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vadavandai Street?

The current guideline value of Vadavandai Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024. The most recent increase from 2023 to 2024 was 10%.

What are the guideline values of other streets in Kunrathour-B?

Other streets in Kunrathour-B have varying guideline values, with the median being Rs 1,540 per sq.ft. For example, Vaithilingam Nagar is Rs 4,580 per sq.ft, while Udayam Nagar is Rs 1,760 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs can be significant.

Where is the Sub Registrar Office for Vadavandai Street located?

The Sub Registrar Office for Vadavandai Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.