Guideline Value for Vannara Street(WashermenStreet)

Vannara Street(WashermenStreet) guideline value

The current guideline value for Vannara Street(WashermenStreet) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Vannara Street(WashermenStreet) has changed

The guideline value for Vannara Street(WashermenStreet) has seen several revisions over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 329% increase. However, this value decreased to Rs 2,010 per sq.ft in the 2017 revision, a drop of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,000 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, which aligns with the current value of Vannara Street(WashermenStreet).

• Vedariri Street(Maistry): Rs 4,400 per sq.ft (2024)
• Veeramman Koil Street: Rs 3,800 per sq.ft (2024)
• Ulagappa maistry street: Rs 6,600 per sq.ft (2024)
• Venkatesa Gramani Street: Rs 3,800 per sq.ft (2024)
• Thulukkanam Street: Rs 2,500 per sq.ft (2024)
• Thiyagaraja Stret(Varadarajapuram): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vannara Street(WashermenStreet)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vannara Street(WashermenStreet)?

The Sub Registrar Office that covers Vannara Street(WashermenStreet) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chindadripet. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vannara Street(WashermenStreet)?

The current guideline value of Vannara Street(WashermenStreet) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 371% over the years.

What is the land classification for Vannara Street(WashermenStreet)?

Vannara Street(WashermenStreet) is classified as Residential Class III Type - I.

Where can I find the registration office for Vannara Street(WashermenStreet)?

The registration office for Vannara Street(WashermenStreet) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Chindadripet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 33,00,000, the stamp duty would be calculated at 7% of this amount.