Guideline Value for Vaidiyakara 2nd Street

Vaidiyakara 2nd Street guideline value

The current guideline value of Vaidiyakara 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vaidiyakara 2nd Street has changed

The guideline value for Vaidiyakara 2nd Street has undergone several revisions over the years. In 2003, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision saw a significant jump to Rs 804 per sq.ft, followed by another increase to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 323%, reflecting the changes over the years, including a 49% rise from 2017 to 2023 and a 130% increase from 2007 to 2017.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. Vaidiyakara 2nd Street's 2024 figure is below this median.

• Vaidiyakara 1st Street: Rs 1,320 per sq.ft (2024)
• Vaidiyakara 3rd Street: Rs 1,320 per sq.ft (2024)
• Vaithiyakarar Cross Street: Rs 1,320 per sq.ft (2024)
• Vaithiyakarar Street: Rs 1,320 per sq.ft (2024)
• Uyaliamman Koil Street: Rs 1,320 per sq.ft (2024)
• Umaiyalpuram 1st Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Vaidiyakara 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 1,18,800. It is important 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 detailed calculations.

Which Sub Registrar Office covers Vaidiyakara 2nd Street?

The Vaidiyakara 2nd Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruneermalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are recorded fairly and transparently, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Vaidiyakara 2nd Street?

The current guideline value of Vaidiyakara 2nd 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 312 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 323% over the years.

What is the registration office for Vaidiyakara 2nd Street?

The registration office for Vaidiyakara 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property in Vaidiyakara 2nd Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would be Rs 1,18,800.

What is the land classification for Vaidiyakara 2nd Street?

The land classification for Vaidiyakara 2nd Street is Residential Class III Type - I.