Guideline Value for Vanniyar Street

Vanniyar Street guideline value

The current guideline value of Vanniyar Street in Navaloor village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Vanniyar Street has changed

The guideline value for Vanniyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was reduced to Rs 100 per sq.ft, marking a decrease of 33% from the previous figure. The 2023 revision then brought the value back to Rs 150 per sq.ft, where it has remained through the 2024 revision, resulting in no percentage change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a net change of 0%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Vanniyar Street's 2024 figure below that median.

• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Vimal Nagar: Rs 300 per sq.ft (2024)
• Vishnupriya Nagar: Rs 150 per sq.ft (2024)
• Sriperumpudur Royal Lands Co-Op Maha Nagar: Rs 610 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 450 per sq.ft (2024)
• Sivam Nagar Part -II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniyar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanniyar Street?

The Sub Registrar Office that covers Vanniyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Navaloor. 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 sold, the registration office uses the guideline value to calculate the applicable taxes. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vanniyar Street?

The current guideline value of Vanniyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft from 2012 to 2024, with a previous decrease to Rs 100 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Navaloor?

The median guideline value for streets in Navaloor is Rs 300 per sq.ft, with Vanniyar Street's value being below this median.

What are the registration fees for property in Vanniyar Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 1,50,000, the total fees would amount to Rs 13,500.

Which office handles property registrations for Vanniyar Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Vanniyar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.