Guideline Value for Vannarapettai St

Vannarapettai St guideline value

The current guideline value of Vannarapettai St in Ammayarkuppam village is Rs 260 per sq.ft, effective from the 2024 revision. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Vannarapettai St has changed

Over the years, the guideline value for Vannarapettai St has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in the 2012 revision. However, this value then decreased to Rs 174 per sq.ft in the 2017 revision. The guideline value remained at Rs 260 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2007 to 2024 is a substantial 160%. The revisions reflect the evolving landscape of property valuation in the area, with the most recent figures indicating stability at Rs 260 per sq.ft.

Guideline values in Ammayarkuppam

Ammayarkuppam village has a total of 43 streets under the Ramakrishna Rajupettai SRO, with 2024 guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which aligns with the 2024 figure for Vannarapettai St.

• Vallalar Street: Rs 241 per sq.ft (2024)
• Thiruvalluvar St: Rs 260 per sq.ft (2024)
• V.O.C. Street: Rs 260 per sq.ft (2024)
• Thirugnana Sambanthar St: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)
• Sri Balaji Nagar: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Vannarapettai St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty, charged at 7%, would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total fees together to Rs 23,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vannarapettai St?

The Vannarapettai St is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ammayarkuppam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government’s assessment.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. This value serves as a benchmark for tax calculations, making it a significant factor in real estate transactions.

Frequently asked questions

What is the current guideline value of Vannarapettai St?

The current guideline value of Vannarapettai St is Rs 260 per sq.ft, effective from the 2024 revision.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent changes occurring in 2024, 2023, 2017, 2012, and 2007. There are no figures available for the years 2002 and 2003 for this street.

What is the land classification of Vannarapettai St?

Vannarapettai St is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

How is stamp duty calculated for properties in Vannarapettai St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 2,60,000, the stamp duty at 7% would be Rs 18,200.

Where can I find the Sub Registrar Office for Vannarapettai St?

The Sub Registrar Office covering Vannarapettai St is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find more information about your SRO here.