Guideline Value for Vanianchatram High Road

Vanianchatram High Road guideline value

The current guideline value of Vanianchatram High Road is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Vanianchatram High Road has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure decreased to Rs 536 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 800 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 880 per sq.ft, reflecting a rise of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value of Rs 880 per sq.ft for Vanianchatram High Road is above this median.

• Vannan Street: Rs 806 per sq.ft (2024)
• Vanna Tank: Rs 806 per sq.ft (2024)
• Vanniyar Street: Rs 805 per sq.ft (2024)
• Varatharajan Street: Rs 805 per sq.ft (2024)
• Vasantham Nagar: Rs 807 per sq.ft (2024)
• Vasantham Nagar Surver No.388/1Pt,2: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vanianchatram High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanianchatram High Road?

The Sub Registrar Office that covers Vanianchatram High Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vanianchatram High Road?

The current guideline value of Vanianchatram High Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Vanianchatram High Road?

Vanianchatram High Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 79,200.

Which office handles property registrations for Vanianchatram High Road?

The Ambattur Sub Registrar Office handles property registrations for Vanianchatram High Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.