Guideline Value for Vanniar Street (Venkatarapuram)

Vanniar Street (Venkatarapuram) guideline value

The current guideline value of Vanniar Street (Venkatarapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vanniar Street (Venkatarapuram) has changed

The guideline value for Vanniar Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,300 per sq.ft. This decreased to Rs 2,211 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,300 per sq.ft. The most recent revision in 2024 set the value at Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

The register does not have figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current value of Vanniar Street (Venkatarapuram).

• Vanniar Street (Ambattur Kuppam): Rs 3,600 per sq.ft (2024)
• Vanchinathan Street (16 Ward Thiruvalluar Nagar): Rs 1,400 per sq.ft (2024)
• Vanagaram Road: Rs 6,600 per sq.ft (2024)
• Vasuki Street: Rs 4,600 per sq.ft (2024)
• Vadivel muthali Street: Rs 4,600 per sq.ft (2024)
• Usen Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniar Street (Venkatarapuram)

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value would be Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanniar Street (Venkatarapuram)?

The Sub Registrar Office that covers Vanniar Street (Venkatarapuram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that all transactions are compliant with local regulations.

When a property is sold, the registration office will assess the guideline value to determine the applicable charges. It is essential for both parties involved in the transaction to understand how the guideline value impacts the overall cost of buying or selling property in Ambattur.

Frequently asked questions

What is the current guideline value of Vanniar Street (Venkatarapuram)?

The current guideline value of Vanniar Street (Venkatarapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, a 9% increase. It was Rs 2,211 per sq.ft in 2017, which was a 49% increase from the previous value of Rs 3,300 per sq.ft in 2012.

What is the land classification for Vanniar Street (Venkatarapuram)?

The land classification for Vanniar Street (Venkatarapuram) is Residential Class I Type - I.

Where is the Sub Registrar Office for Vanniar Street (Venkatarapuram)?

The Sub Registrar Office for Vanniar Street (Venkatarapuram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Vanniar Street (Venkatarapuram)?

The stamp duty for properties in Vanniar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 3,24,000 in fees, including stamp duty and registration fees.