Guideline Value for Vanniar St

Vanniar St guideline value

The current guideline value of Vanniar St in Perampakkam village, under the Perambakkam SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Vanniar St has changed

Over the years, the guideline value of Vanniar St has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, in 2017, the value dropped to Rs 268 per sq.ft, before rising again to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023 and no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. The overall change from the 2007 revision to the current 2024 revision reflects a substantial increase of 300%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Vanniar St's 2024 figure above this median.

• Vaaniar St: Rs 400 per sq.ft (2024)
• Thiruvallur Road: Rs 400 per sq.ft (2024)
• Sathya Sai Nagar: Rs 300 per sq.ft (2024)
• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• Pettai St: Rs 350 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniar St

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Vanniar St?

The Sub Registrar Office that covers Vanniar St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vanniar St?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Perampakkam?

The median guideline value for streets in Perampakkam is Rs 350 per sq.ft, with Vanniar St's value being above this median at Rs 400 per sq.ft.

What are the stamp duty and registration fees for Vanniar St?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Vanniar St?

The Perambakkam Sub Registrar Office handles registrations for Vanniar St, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.