Guideline Value for Vanagaram Road

Vanagaram Road guideline value

The current guideline value of Vanagaram Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vanagaram Road has changed

The guideline value for Vanagaram Road has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,200 per sq.ft, which is 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets listed under the Konnur SRO, with the 2024 guideline values ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Vanagaram Road's 2024 figure above this median.

• Vaishnavi Nagar: Rs 804 per sq.ft (2024)
• VadaNoombal Salai: Rs 1,100 per sq.ft (2024)
• Vellalar Street: Rs 1,700 per sq.ft (2024)
• Vengateshwara Industrial Estate: Rs 2,750 per sq.ft (2024)
• Venture Garden: Rs 3,500 per sq.ft (2024)
• Thiruverkadu Road: Rs 1,100 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. 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 more detailed calculations.

Which Sub Registrar Office covers Vanagaram Road?

The Sub Registrar Office that covers Vanagaram Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in the registration of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must ensure that the guideline value is considered during the registration process to comply with legal requirements.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vanagaram Road?

The current guideline value of Vanagaram Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over these years.

What are the stamp duty and registration fees for properties in Vanagaram Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Vanagaram Road?

The Konnur Sub Registrar Office handles the registration for Vanagaram Road, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Vanagaram Road's current value being above this median.