Guideline Value for Vadivudai Amman koil 2nd Street

Vadivudai Amman koil 2nd Street guideline value

The current guideline value of Vadivudai Amman koil 2nd Street is Rs 880 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 II Type - II.

How the guideline value of Vadivudai Amman koil 2nd Street has changed

The guideline value for Vadivudai Amman koil 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and finally, it rose to Rs 880 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Vadivudai Amman koil 2nd Street's value below this median.

• Vadivudai Amman koil 1nd 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 2nd 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 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.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Vadivudai Amman koil 2nd Street?

The Sub Registrar Office that covers Vadivudai Amman koil 2nd Street is 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 during the registration of property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official valuation of the property being transacted.

When buying or selling property, the guideline value helps to determine the legal documentation and fees associated with the transaction. It is essential for both parties to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vadivudai Amman koil 2nd Street?

The current guideline value of Vadivudai Amman koil 2nd 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 to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Vadivudai Amman koil 2nd Street?

The land classification for Vadivudai Amman koil 2nd Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vadivudai Amman koil 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty at 7% would amount to Rs 61,600.