Guideline Value for Vannanthurai

Vannanthurai guideline value

The current guideline value of Vannanthurai is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Vannanthurai has changed

The guideline value of Vannanthurai has seen several revisions over the years. Starting from Rs 627 per sq.ft in 2002, the value increased to Rs 692 per sq.ft in 2003. The subsequent revision in 2007 saw a significant jump to Rs 1,200 per sq.ft. By 2012, the value rose to Rs 3,100 per sq.ft, but then decreased to Rs 2,077 per sq.ft in 2017. The guideline value experienced a notable increase to Rs 3,100 per sq.ft in 2023, followed by the latest revision to Rs 3,400 per sq.ft in 2024. There are no figures available for revisions in years other than those specified.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a 49% increase. The value decreased by 33% from 2012 to 2017, while it increased by 158% from 2007 to 2012. Additionally, there was a 73% increase from 2003 to 2007 and a 10% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 442%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, placing Vannanthurai's 2024 figure below this median.

• Varadarajalu Street: Rs 7,100 per sq.ft (2024)
• Varadarajaulu Naidu garden: Rs 7,100 per sq.ft (2024)
• Valliammal street: Rs 13,400 per sq.ft (2024)
• Vasu salai: Rs 13,400 per sq.ft (2024)
• Veeerasamy pillai street: Rs 7,100 per sq.ft (2024)
• Veerabadra Achari Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vannanthurai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, bringing the total cost for these fees to Rs 3,06,000. 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 Vannanthurai?

The Sub Registrar Office that covers Vannanthurai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Vannanthurai?

The current guideline value of Vannanthurai is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 627 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 442% over this period.

What are the stamp duty and registration fees for property in Vannanthurai?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which Sub Registrar Office covers Vannanthurai?

The Periamet Sub Registrar Office covers Vannanthurai, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value determined in Egmore?

The guideline value in Egmore is determined based on various factors and is revised periodically. It serves as a reference for calculating stamp duty and registration fees during property transactions.