Guideline Value for Vanigar Street(ward 3)

Vanigar Street(ward 3) guideline value

The current guideline value of Vanigar Street(ward 3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village under the Pammal Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Vanigar Street(ward 3) has changed

The guideline value for Vanigar Street(ward 3) has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft. This was followed by a significant increase in 2023, where the value rose to Rs 900 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year.

In terms of overall changes, the guideline value has increased by 49% from 2017 to 2023 and by 64% from 2017 to 2024. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 1,210 per sq.ft. Vanigar Street(ward 3) is currently below this median at Rs 990 per sq.ft.

• Vanigar Street (ward 2): Rs 990 per sq.ft (2024)
• Valluvar Street: Rs 880 per sq.ft (2024)
• Vellalar Street: Rs 880 per sq.ft (2024)
• Vivekanandhar Street: Rs 880 per sq.ft (2024)
• Subham Avenue: Rs 1,210 per sq.ft (2024)
• S.S.Garden: Rs 1,480 per sq.ft (2024)

Stamp duty and registration fee for property in Vanigar Street(ward 3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanigar Street(ward 3)?

The Sub Registrar Office that covers Vanigar Street(ward 3) 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 Thandalam

The guideline value is a crucial factor during property registration in Thandalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to establish a transparent and standardized pricing mechanism. This ensures that both buyers and sellers are aware of the official value assigned to the property, which is essential for legal and financial transactions.

Frequently asked questions

What is the current guideline value of Vanigar Street(ward 3)?

The current guideline value of Vanigar Street(ward 3) is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024.

What is the land classification for Vanigar Street(ward 3)?

Vanigar Street(ward 3) falls under the Residential Class II Type - I land classification.

What other streets are in Thandalam under the Pammal SRO?

There are several other streets in Thandalam under the Pammal SRO, including Vanigar Street (ward 2), Valluvar Street, Vellalar Street, Vivekanandhar Street, Subham Avenue, and S.S.Garden, each with their respective guideline values.

Where can I find the Sub Registrar Office for Vanigar Street(ward 3)?

The Sub Registrar Office for Vanigar Street(ward 3) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.