Guideline Value for Vanchinathan Theru

Vanchinathan Theru guideline value

The current guideline value of Vanchinathan Theru is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vanchinathan Theru has changed

The guideline value for Vanchinathan Theru has undergone several revisions over the years. In 2012, the value was set at Rs 2,100 per sq.ft, which then decreased to Rs 1,407 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,100 per sq.ft, and the most recent revision in 2024 set it at Rs 2,310 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the value saw a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value of Vanchinathan Theru.

• Vanavil Avenue: Rs 3,960 per sq.ft (2024)
• Valmiki Street: Rs 2,310 per sq.ft (2024)
• Varadarasan Street: Rs 2,310 per sq.ft (2024)
• Varadha Nagar: Rs 3,120 per sq.ft (2024)
• Varadhan Street: Rs 2,310 per sq.ft (2024)
• Varun Avenue: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Vanchinathan Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, resulting in a total cost of Rs 2,07,900. 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 Vanchinathan Theru?

The Sub Registrar Office that covers Vanchinathan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented accurately. Buyers and sellers must be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vanchinathan Theru?

The current guideline value of Vanchinathan Theru is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the land classification of Vanchinathan Theru?

Vanchinathan Theru is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Vanchinathan Theru?

The Sub Registrar Office for Vanchinathan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Vanchinathan Theru?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,310 per sq.ft would incur a total stamp duty of Rs 1,61,700.