Guideline Value for Vanjinathan Street

Vanjinathan Street guideline value

The current guideline value of Vanjinathan Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Vanjinathan Street has changed

The guideline value for Vanjinathan Street has seen significant changes over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, the value then dropped to Rs 1,005 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision saw a substantial increase to Rs 1,500 per sq.ft, followed by a further rise to Rs 1,650 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Vanjinathan Street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Vanjinathan Street's 2024 figure above that median.

• Varadharaja Nagar: Rs 680 per sq.ft (2024)
• Valluvarpuram: Rs 1,100 per sq.ft (2024)
• Vallalpari Street: Rs 1,100 per sq.ft (2024)
• Vallalar Street Lane: Rs 1,320 per sq.ft (2024)
• Vallalar Street: Rs 1,650 per sq.ft (2024)
• Vb Akshaya Nagar: Rs 1,650 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on whichever is higher between 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 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Vanjinathan Street?

The current guideline value of Vanjinathan Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725%.

What are the stamp duty rates for properties in Vanjinathan Street?

The stamp duty for properties in Vanjinathan Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vanjinathan Street located?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees for property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate calculations of these costs.