Guideline Value for Vannia Street

Vannia Street guideline value

The current guideline value of Vannia Street, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,540 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Vannia Street has changed

The guideline value for Vannia Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, which is a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Vannia Street. This lack of data means we cannot assess any changes during those years.

Guideline values in Kunrathour-B

In Kunrathour-B village, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current value of Vannia Street.

• Varsha Nagar: Rs 1,540 per sq.ft (2024)
• Varsha Nagar Annexe: Rs 1,540 per sq.ft (2024)
• Vaithilingam Nagar: Rs 4,580 per sq.ft (2024)
• Vadavandai Street: Rs 1,540 per sq.ft (2024)
• Velan Nagar: Rs 1,540 per sq.ft (2024)
• Velmurugan Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Vannia Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800. Together, these fees would total Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vannia Street?

The Sub Registrar Office that covers Vannia Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the registration fees and stamp duty applicable during the property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vannia Street?

The current guideline value of Vannia Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024. This reflects a total increase of 64% from 2017 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 15,40,000. The stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers Vannia Street?

The Kunrathur Sub Registrar Office covers Vannia Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Vannia Street?

The land classification for Vannia Street is Residential Special Type - I, indicating its designation for residential purposes within the area.