Guideline Value for Vannan Street

Vannan Street guideline value

The current guideline value of Vannan Street is Rs 806 per sq.ft. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Vannan Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. It then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 100%, bringing it back to Rs 806 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains unchanged at Rs 806 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for Vannan Street. Overall, from 2012 to 2024, there has been an increase of 34% in the guideline value.

Guideline values in Kovilpathagai

Kovilpathagai has 278 streets under the Ambattur SRO, with guideline values in 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Vannan Street's 2024 figure below this median.

• Vanna Tank: Rs 806 per sq.ft (2024)
• Vanianchatram High Road: Rs 880 per sq.ft (2024)
• Vanniyar Street: Rs 805 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 Vannan Street

For a 1,000 sq.ft plot at the current rate of Rs 806 per sq.ft, the guideline value would be Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, totaling Rs 72,540. 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 Vannan Street?

The Sub Registrar Office that covers Vannan Street 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 a crucial factor during property registration in Kovilpathagai. It determines the minimum value at which the property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for compliance with local regulations and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vannan Street?

The current guideline value of Vannan Street is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then rising to Rs 806 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Vannan Street?

Vannan Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office covering Vannan Street 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 properties in Vannan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000, leading to a stamp duty of Rs 56,420.