Guideline Value for Vannara Street

Vannara Street guideline value

The current guideline value of Vannara Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Vannara Street has changed

The guideline value for Vannara Street has seen several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 444%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The 2017 revision saw a substantial increase to Rs 1,500 per sq.ft in 2023, reflecting a change of 180%. The current guideline value remains the same at Rs 1,500 per sq.ft as per the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value among these streets is Rs 800 per sq.ft, placing Vannara Street's 2024 figure above this median.

• Vaniya Pillaiyar Koil Street: Rs 1,000 per sq.ft (2024)
• Vandikkara Street: Rs 1,200 per sq.ft (2024)
• VazhaiThottam Pin Street: Rs 1,000 per sq.ft (2024)
• VazhaiThottam Street: Rs 1,000 per sq.ft (2024)
• V.D.S நகர்: Rs 400 per sq.ft (2024)
• Vedabalaiyam HighWeys Road Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vannara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value totals Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total charges Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vannara Street?

The Sub Registrar Office that covers Vannara Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is protected and that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value of Vannara Street?

The current guideline value of Vannara Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 920% since that time.

What are the stamp duty and registration fees for Vannara Street?

For a 1,000 sq.ft plot valued at Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office handles Vannara Street?

The Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone, covers Vannara Street.

What is the land classification of Vannara Street?

Vannara Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.