Guideline Value for Vanaja Nagar

Vanaja Nagar guideline value

The current guideline value of Vanaja Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Vanaja Nagar has changed

The guideline value of Vanaja Nagar has seen significant changes over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased to Rs 1,005 per sq.ft in 2017, marking a substantial rise of 151%. The 2023 revision further raised the value to Rs 1,500 per sq.ft, reflecting a 49% increase from the previous revision. The most recent 2024 revision has established the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, positioning Vanaja Nagar's 2024 figure above this median.

• Vanaja Nagar Kuttai Medu: Rs 1,100 per sq.ft (2024)
• Vanjinathan Street: Rs 1,100 per sq.ft (2024)
• Vajiravelu Street: Rs 1,100 per sq.ft (2024)
• Vasu Street: Rs 1,100 per sq.ft (2024)
• Vedachalam Street: Rs 1,100 per sq.ft (2024)
• Vachinathan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vanaja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanaja Nagar?

The Sub Registrar Office that covers Vanaja Nagar 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 Pozhichalur

The guideline value is a crucial factor when registering property in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value to ensure compliance with legal requirements. It is essential to refer to the latest revisions to understand the current rates applicable to the property in question.

Frequently asked questions

What is the current guideline value of Vanaja Nagar?

The current guideline value of Vanaja Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 313% over this period.

What are the stamp duty rates for properties in Vanaja Nagar?

The stamp duty for properties in Vanaja Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Vanaja Nagar?

The Pammal Sub Registrar Office handles property registrations for Vanaja Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Vanaja Nagar's 2024 figure being above this median.