Guideline Value for Vanniar street (east)

Vanniar street (east) guideline value

The current guideline value of Vanniar street (east) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vanniar street (east) has changed

The guideline value of Vanniar street (east) has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a remarkable rise of 567%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for Vanniar street (east) in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Vanniar street (east).

• Vasanthapuri phase I & II: Rs 2,200 per sq.ft (2024)
• Vathukaar street: Rs 2,200 per sq.ft (2024)
• Vaithiswaran Nagar: Rs 2,200 per sq.ft (2024)
• Vaitheeswaran koil street: Rs 2,740 per sq.ft (2024)
• Vedhathiri Bhavan: Rs 2,200 per sq.ft (2024)
• Vaidthee Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniar street (east)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vanniar street (east)?

The Sub Registrar Office that covers Vanniar street (east) is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vanniar street (east)?

The current guideline value of Vanniar street (east) is Rs 2,200 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 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 633% over the years.

What are the other streets with the same guideline value in Poonthamallee?

Other streets in Poonthamallee with the same guideline value of Rs 2,200 per sq.ft include Vasanthapuri phase I & II, Vathukaar street, Vaithiswaran Nagar, Vedhathiri Bhavan, and Vaidthee Nagar.

Where can I find the Sub Registrar Office for Vanniar street (east)?

The Sub Registrar Office for Vanniar street (east) is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the stamp duty calculated for properties in Vanniar street (east)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.