Guideline Value for Vanagaram Road

Vanagaram Road guideline value

The current guideline value of Vanagaram Road in 5. Athipattu village, under the Konnur SRO, is Rs 3,601 per sq.ft, effective from 1 July 2024. This area is classified as Industries Type - II.

How the guideline value of Vanagaram Road has changed

In the 2017 revision, the guideline value was Rs 2,211 per sq.ft. This figure saw a significant increase in the following revisions, reaching Rs 3,300 per sq.ft in 2023, reflecting a 49% rise from 2017 to 2023. The current 2024 revision shows a further increase to Rs 3,601 per sq.ft, which is a 9% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Vanagaram Road is above this median.

• Vanagaram Road (Prince Green Wood Apts): Rs 3,600 per sq.ft (2024)
• Vaigai Street(ICF): Rs 2,400 per sq.ft (2024)
• Ulaippalar Kalyanasundaram Street: Rs 2,200 per sq.ft (2024)
• Udaiyarpalaiam: Rs 2,200 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 per sq.ft (2024)
• T.T.Mathew Avenue: Rs 3,601 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 3,601 per sq.ft, the total guideline value would be Rs 36,01,000. The stamp duty at 7% would amount to Rs 2,52,070, and the registration fee at 2% would be Rs 72,020, bringing the total fees to Rs 3,24,090. It is important to note that 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 Vanagaram Road?

The Sub Registrar Office covering 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 5. Athipattu

The guideline value is a crucial factor during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable taxes and fees. Buyers and sellers should be aware that the registration office will use the higher of the guideline value or the actual sale price to determine these charges.

Frequently asked questions

What is the current guideline value of Vanagaram Road?

The current guideline value of Vanagaram Road is Rs 3,601 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,211 per sq.ft in 2017 to Rs 3,601 per sq.ft in 2024, marking an overall increase of 63% over this period.

What is the land classification for Vanagaram Road?

Vanagaram Road is classified as Industries Type - II under the current land classification.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 3,24,090.