Guideline Value for Vadivudai Amman koil 1nd Street

Vadivudai Amman koil 1nd Street guideline value

The current guideline value for Vadivudai Amman koil 1nd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Vadivudai Amman koil 1nd Street has changed

Over the years, the guideline value for Vadivudai Amman koil 1nd Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, and subsequently rose to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase.

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

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Vadivudai Amman koil 1nd Street below this median.

• Vadivudai Amman koil 2nd Street: Rs 880 per sq.ft (2024)
• Vadivudai Amman koil Street: Rs 1,320 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 1nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the 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 1nd Street?

The Sub Registrar Office that covers Vadivudai Amman koil 1nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Peerklankaranai, the guideline value is a critical factor in determining the applicable stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring that the transaction is officially recorded and complies with local regulations.

Understanding the guideline value helps both buyers and sellers navigate the registration process more effectively. It ensures that all parties are aware of the financial implications associated with property transactions in the area.

Frequently asked questions

What is the current guideline value for Vadivudai Amman koil 1nd Street?

The current guideline value for Vadivudai Amman koil 1nd Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include Vadivudai Amman koil 2nd Street at Rs 880 per sq.ft, Vadivudai Amman koil Street at Rs 1,320 per sq.ft, and several others at Rs 1,650 per sq.ft.

What is the stamp duty for a property in Vadivudai Amman koil 1nd Street?

The stamp duty for a property valued at Rs 8,80,000 is calculated at 7%, amounting to Rs 61,600. This is in addition to the registration fee of Rs 17,600.

Which office handles registrations for Vadivudai Amman koil 1nd Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Vadivudai Amman koil 1nd Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.