Guideline Value for Vanjinathan Street

Vanjinathan Street guideline value

The current guideline value of Vanjinathan Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Vanjinathan Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. It increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is worth noting that the register has no figures for Vanjinathan Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Vanjinathan Street's 2024 figure below that median.

• Vanaja Nagar Kuttai Medu: Rs 1,100 per sq.ft (2024)
• Vanaja Nagar: Rs 1,650 per sq.ft (2024)
• Vasu Street: Rs 1,100 per sq.ft (2024)
• Vedachalam Street: Rs 1,100 per sq.ft (2024)
• Vajiravelu Street: Rs 1,100 per sq.ft (2024)
• VeeraPandiya Kattabomman Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vanjinathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that 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 Vanjinathan Street?

The Vanjinathan Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of these values to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Vanjinathan Street?

The current guideline value of Vanjinathan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Vanjinathan Street?

Vanjinathan Street is classified as Residential Class II Type - I under the current guidelines.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.