Guideline Value for Vanna Tank

Vanna Tank guideline value

The current guideline value for Vanna Tank in Kovilpathagai village is Rs 806 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur Sub Registrar Office and is classified as Residential Class III Type - I.

How the guideline value of Vanna Tank has changed

The guideline value for Vanna Tank has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value increased by 100% to Rs 806 per sq.ft, a figure that has remained the same through the 2023 revision and continues into 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the village is Rs 870 per sq.ft, placing Vanna Tank's 2024 figure below that median.

• Vannan Street: Rs 806 per sq.ft (2024)
• Vanniyar Street: Rs 805 per sq.ft (2024)
• Vanianchatram High Road: Rs 880 per sq.ft (2024)
• Varatharajan Street: Rs 805 per sq.ft (2024)
• Vasantham Nagar: Rs 807 per sq.ft (2024)
• Vasantham Nagar Surver No.388/1Pt,2: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vanna Tank

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total charges to Rs 72,540. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanna Tank?

The Sub Registrar Office that covers Vanna Tank is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property sale.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value as per government regulations. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Vanna Tank?

The current guideline value for Vanna Tank is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vanna Tank has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and has remained the same for 2024.

What is the land classification for Vanna Tank?

Vanna Tank is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vanna Tank?

The Sub Registrar Office for Vanna Tank is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in Vanna Tank?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 8,06,000, the stamp duty would be Rs 56,420.