Guideline Value for Vaitheeswaran koil street

Vaitheeswaran koil street guideline value

The current guideline value of Vaitheeswaran koil street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vaitheeswaran koil street has changed

The guideline value for Vaitheeswaran koil street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure saw a decrease of 33% to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 2,740 per sq.ft in 2024.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 585%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft as of 2024. The median guideline value in the village is Rs 2,200 per sq.ft, making Vaitheeswaran koil street's current value above this median.

• Vaithiswaran Nagar: Rs 2,200 per sq.ft (2024)
• Vaidthee Nagar: Rs 2,200 per sq.ft (2024)
• Vaidthee avenue: Rs 2,200 per sq.ft (2024)
• Vaaniyaar street (west): Rs 2,200 per sq.ft (2024)
• Uppukolliastreet: Rs 4,950 per sq.ft (2024)
• Uppu kollai street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Vaitheeswaran koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total cost to Rs 2,46,600. 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 detailed calculations.

Which Sub Registrar Office covers Vaitheeswaran koil street?

The Sub Registrar Office that covers Vaitheeswaran koil street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Poonthamallee. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, it is crucial to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers and sellers should always refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vaitheeswaran koil street?

The current guideline value of Vaitheeswaran koil street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, which is an overall increase of 585%.

What are the stamp duty and registration fees for property in Vaitheeswaran koil street?

For a property valued at the current guideline value of Rs 27,40,000, the stamp duty would be Rs 1,91,800 and the registration fee would be Rs 54,800, totaling Rs 2,46,600.

Which office handles property registrations for Vaitheeswaran koil street?

The Poonamallee Sub Registrar Office handles property registrations for Vaitheeswaran koil street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate calculations and compliance with local regulations.