Guideline Value for Vaithiyakarar Street

Vaithiyakarar Street guideline value

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

How the guideline value of Vaithiyakarar Street has changed

The guideline value for Vaithiyakarar Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision shows a further increase to Rs 1,320 per sq.ft, marking a 10% rise from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

It is noteworthy that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Vaithiyakarar Street. The significant changes observed include a 49% increase from 2017 to 2023, reflecting a steady rise in the guideline value over the years.

Guideline values in Thiruneermalai

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

• Vaithiyakarar Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Vaithiyakarar Street?

The Sub Registrar Office that covers Vaithiyakarar 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 the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vaithiyakarar Street?

The current guideline value of Vaithiyakarar 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 increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which means Vaithiyakarar Street's current value is below this median.

What are the stamp duty and registration fees for properties in Vaithiyakarar 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.

Which office handles property registrations for Vaithiyakarar Street?

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