Guideline Value for Vanniyar Street

Vanniyar Street guideline value

The current guideline value of Vanniyar Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vanniyar Street has changed

The guideline value for Vanniyar Street has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 804 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Vanniyar Street's 2024 figure above this median.

• Vasantham Colony: Rs 700 per sq.ft (2024)
• Vasuki Nagar: Rs 700 per sq.ft (2024)
• Veerasamy Pillai Street: Rs 700 per sq.ft (2024)
• Velankanni Nagar: Rs 700 per sq.ft (2024)
• Vada Pushkarani Street: Rs 700 per sq.ft (2024)
• True value Homes: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vanniyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Sriperumbudur A

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vanniyar Street?

The current guideline value of Vanniyar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 and 2024 revisions, the guideline value increased by 49%, remaining stable at Rs 1,200 per sq.ft for both 2023 and 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000. The stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Vanniyar Street?

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

What is the land classification for Vanniyar Street?

The land classification for Vanniyar Street is Residential Class I Type - I, indicating its suitability for residential purposes.