Guideline Value for Vanchinathan 3rd Street

Vanchinathan 3rd Street guideline value

The current guideline value of Vanchinathan 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vanchinathan 3rd Street has changed

The guideline value for Vanchinathan 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, in 2017, it dropped significantly to Rs 1,206 per sq.ft. The value then rose to Rs 1,800 per sq.ft in 2023, and as of 2024, it stands at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 90%. The revisions for the years 2002 and 2003 do not have any figures listed for this street.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value is Rs 1,900 per sq.ft, which aligns with the 2024 figure for Vanchinathan 3rd Street.

• Vanchinathan 2nd Street: Rs 1,900 per sq.ft (2024)
• Vanchinathan 4th Street: Rs 1,900 per sq.ft (2024)
• Vanchinathan 2nd Lane: Rs 1,600 per sq.ft (2024)
• Vanchinathan Main Road: Rs 2,200 per sq.ft (2024)
• Vanchinathan 1st Street: Rs 1,900 per sq.ft (2024)
• Vanchinathan 1st Lane: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanchinathan 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 detailed calculations.

Which Sub Registrar Office covers Vanchinathan 3rd Street?

The Sub Registrar Office that covers Vanchinathan 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Siruvallur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official value assigned to the property.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall cost of the transaction, including the fees payable to the registration authorities.

Frequently asked questions

What is the current guideline value of Vanchinathan 3rd Street?

The current guideline value of Vanchinathan 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, representing an overall increase of 90% over the years.

What is the land classification for Vanchinathan 3rd Street?

The land classification for Vanchinathan 3rd Street is Residential Class III Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated on property in Vanchinathan 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.