Guideline Value for Vadivudai Amman koil Street

Vadivudai Amman koil Street guideline value

The current guideline value of Vadivudai Amman koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Vadivudai Amman koil Street has changed

The guideline value for Vadivudai Amman koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision raised it further to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that the guideline value of Vadivudai Amman koil Street is below this median.

• Vadivudai Amman koil 2nd Street: Rs 880 per sq.ft (2024)
• Vadivudai Amman koil 1nd Street: Rs 880 per sq.ft (2024)
• Valaiyapathi Extn: Rs 1,650 per sq.ft (2024)
• Valayapadhi 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 3rd Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vadivudai Amman koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadivudai Amman koil Street?

Vadivudai Amman koil Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Peerklankaranai, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the duty is charged on the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vadivudai Amman koil Street?

The current guideline value of Vadivudai Amman koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Vadivudai Amman koil 2nd Street and Vadivudai Amman koil 1nd Street, both at Rs 880 per sq.ft, and several streets at Rs 1,650 per sq.ft.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Vadivudai Amman koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.