Guideline Value for Vanagaram Road

Vanagaram Road guideline value

The current guideline value of Vanagaram Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Vanagaram Road has changed

The guideline value for Vanagaram Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 6,000 per sq.ft. This was followed by a decrease to Rs 4,020 per sq.ft in 2017. The value then increased significantly to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, placing Vanagaram Road's 2024 figure above this median.

• Vanchinathan Street (16 Ward Thiruvalluar Nagar): Rs 1,400 per sq.ft (2024)
• Vanniar Street (Ambattur Kuppam): Rs 3,600 per sq.ft (2024)
• Vanniar Street (Venkatarapuram): Rs 3,600 per sq.ft (2024)
• Vadivel muthali Street: Rs 4,600 per sq.ft (2024)
• Vasuki Street: Rs 4,600 per sq.ft (2024)
• Usen Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanagaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to 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 Vanagaram Road?

The Sub Registrar Office that covers Vanagaram Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared against the sale price, and duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vanagaram Road?

The current guideline value of Vanagaram Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Vanagaram Road?

Vanagaram Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Vanagaram Road?

The Sub Registrar Office for Vanagaram Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How do stamp duty and registration fees work in Ambattur?

Stamp duty and registration fees in Ambattur are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions.