Guideline Value for Vaithiyakarar Cross Street

Vaithiyakarar Cross Street guideline value

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

How the guideline value of Vaithiyakarar Cross Street has changed

The guideline value for Vaithiyakarar Cross Street has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street for the revisions in 2002, 2003, 2007, and 2012.

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, indicating that Vaithiyakarar Cross Street's 2024 figure is below that median.

• Vaithiyakarar Street: Rs 1,320 per sq.ft (2024)
• Vaidiyakara 3rd Street: Rs 1,320 per sq.ft (2024)
• Vaidiyakara 2nd Street: Rs 1,320 per sq.ft (2024)
• Vaidiyakara 1st 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 Vaithiyakarar Cross 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 to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaithiyakarar Cross Street?

The Sub Registrar Office that covers Vaithiyakarar Cross 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 is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the correct fees are applied. The higher of the guideline value and the sale price will be used to calculate the applicable duties.

Frequently asked questions

What is the current guideline value of Vaithiyakarar Cross Street?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which is higher than the current value of Vaithiyakarar Cross Street.

What are the stamp duty and registration fees for properties in Vaithiyakarar Cross Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Vaithiyakarar Cross Street?

The Sub Registrar Office for Vaithiyakarar Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.