Guideline Value for Vadiyanathan street

Vadiyanathan street guideline value

The current guideline value of Vadiyanathan street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - III.

How the guideline value of Vadiyanathan street has changed

Over the years, the guideline value of Vadiyanathan street has seen significant changes. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024. Notably, the register has no figures for the years 2002 and 2003.

The changes between the revisions show an overall increase of 267% from 2007 to 2024. Specifically, there was a 233% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Vadiyanathan street's current value below this median.

• Umayal Street: Rs 11,000 per sq.ft (2024)
• Valliammal street: Rs 13,400 per sq.ft (2024)
• Vannanthurai: Rs 3,400 per sq.ft (2024)
• Varadarajalu Street: Rs 7,100 per sq.ft (2024)
• Varadarajaulu Naidu garden: Rs 7,100 per sq.ft (2024)
• Transport Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Vadiyanathan street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Vadiyanathan street?

The Sub Registrar Office that covers Vadiyanathan street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vadiyanathan street?

The current guideline value of Vadiyanathan street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Vadiyanathan street?

Vadiyanathan street is classified as Residential Class III Type - III under the guideline value register.

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

The Sub Registrar Office for Vadiyanathan street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Egmore?

Stamp duty for properties in Egmore is calculated based on the higher of the guideline value or the sale price. This ensures that the correct amount of duty is paid during the registration process.