Guideline Value for Vaidiyakara 1st Street

Vaidiyakara 1st Street guideline value

The current guideline value of Vaidiyakara 1st Street in Thiruneermalai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Vaidiyakara 1st Street has changed

The guideline value for Vaidiyakara 1st 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. By 2017, the value had risen significantly to Rs 804 per sq.ft, reflecting a 130% increase from the previous revision. The 2023 revision set the value at Rs 1,200 per sq.ft, marking a 49% increase from 2017. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 323%.

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. The median value for these streets is Rs 2,420 per sq.ft, placing Vaidiyakara 1st Street's 2024 figure below this median.

• Vaidiyakara 2nd 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 1st 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 amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaidiyakara 1st Street?

The Sub Registrar Office covering Vaidiyakara 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role during property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Vaidiyakara 1st Street?

The current guideline value of Vaidiyakara 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 312 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 323% over the years.

What is the land classification of Vaidiyakara 1st Street?

Vaidiyakara 1st Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vaidiyakara 1st Street?

The Sub Registrar Office for Vaidiyakara 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Vaidiyakara 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400.