Guideline Value for Vandi Kalliamman Koil Street (a) Vandiamman Nagar

Vandi Kalliamman Koil Street (a) Vandiamman Nagar guideline value

The current guideline value of Vandi Kalliamman Koil Street (a) Vandiamman Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vandi Kalliamman Koil Street (a) Vandiamman Nagar has changed

The guideline value for Vandi Kalliamman Koil Street (a) Vandiamman Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 233% rise. However, in 2017, the value decreased to Rs 3,350 per sq.ft, which was a 33% drop. The value then rose to Rs 5,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, and Vandi Kalliamman Koil Street (a) Vandiamman Nagar's 2024 figure is below that median.

• Vallel Parri Nagar: Rs 7,100 per sq.ft (2024)
• Vallal Pari Street: Rs 8,800 per sq.ft (2024)
• Vallaiyapathi Salai: Rs 8,800 per sq.ft (2024)
• Veeramamunivar Salai: Rs 5,500 per sq.ft (2024)
• T.V.S. Nagar / Colony: Rs 7,100 per sq.ft (2024)
• Vellalar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vandi Kalliamman Koil Street (a) Vandiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty, charged at 7%, would be Rs 3,85,000, and the registration fee, charged at 2%, would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vandi Kalliamman Koil Street (a) Vandiamman Nagar?

The Sub Registrar Office that covers Vandi Kalliamman Koil Street (a) Vandiamman Nagar is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Mugappair. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is set by the government and can vary from one street to another, impacting the overall cost of purchasing a property.

When a property is sold, the seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures that the transaction is compliant with local regulations and that all fees are calculated accurately based on the established guideline value.

Frequently asked questions

What is the current guideline value of Vandi Kalliamman Koil Street (a) Vandiamman Nagar?

The current guideline value of Vandi Kalliamman Koil Street (a) Vandiamman Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 1,500 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 267%.

What is the land classification for Vandi Kalliamman Koil Street (a) Vandiamman Nagar?

The land classification for Vandi Kalliamman Koil Street (a) Vandiamman Nagar is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vandi Kalliamman Koil Street (a) Vandiamman Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Vandi Kalliamman Koil Street (a) Vandiamman Nagar is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.