Guideline Value for Vanjinathan Street

Vanjinathan Street guideline value

The current guideline value of Vanjinathan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Vanjinathan Street has changed

Over the years, the guideline value of Vanjinathan Street has seen significant changes. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 400%. However, this value decreased to Rs 670 per sq.ft in 2017, reflecting a drop of 33%. The value then increased to Rs 1,000 per sq.ft in the 2023 revision, before reaching the current rate of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Vanjinathan Street.

• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 per sq.ft (2024)
• Vallal Pari Street: Rs 1,100 per sq.ft (2024)
• Vallalar Street: Rs 1,320 per sq.ft (2024)
• T.T.K. Street: Rs 1,100 per sq.ft (2024)
• Thomurarar Nagar: Rs 879 per sq.ft (2024)
• Thiru.Vi.Ka.Street: Rs 1,100 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 to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vanjinathan Street?

The Sub Registrar Office that covers Vanjinathan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with the legal requirements during the property transfer 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450%.

What are the other streets with the same guideline value in Periyakuppam?

Other streets in Periyakuppam with the same guideline value of Rs 1,100 per sq.ft include Varadha Rajapuram & Varadha Raja Nagar, Vallal Pari Street, and T.T.K. Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vanjinathan Street?

The Sub Registrar Office for Vanjinathan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.