Guideline Value for Vanjinathan Street

Vanjinathan Street guideline value

The current guideline value of Vanjinathan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Vanjinathan Street has changed

The guideline value for Vanjinathan Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 1,200 per sq.ft in 2023, and finally increasing to Rs 1,300 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for Vanjinathan Street. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, indicating that Vanjinathan Street's 2024 guideline value is below this median.

• Varadarajan Nagar: Rs 1,800 per sq.ft (2024)
• Varadarajapuram: Rs 850 per sq.ft (2024)
• Varalakshmi Street: Rs 850 per sq.ft (2024)
• Valmiki Street: Rs 3,300 per sq.ft (2024)
• Vasanthi Colony: Rs 850 per sq.ft (2024)
• Vasuki Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Vanjinathan Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. 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 Vanjinathan Street?

The Sub Registrar Office covering Vanjinathan Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are documented accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vanjinathan Street?

The current guideline value of Vanjinathan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 333%.

What is the median guideline value in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, which is higher than the current value of Vanjinathan Street.

What are the stamp duty and registration fees for a property in Vanjinathan Street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Vanjinathan Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.