Guideline Value for Vanuvampet - Pazhandiyamman Koil Street

Vanuvampet - Pazhandiyamman Koil Street guideline value

The current guideline value for Vanuvampet - Pazhandiyamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Vanuvampet - Pazhandiyamman Koil Street has changed

The guideline value for Vanuvampet - Pazhandiyamman Koil Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 900 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this value decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision raised the value to Rs 3,500 per sq.ft, and the most recent 2024 revision set it at Rs 3,900 per sq.ft. The changes between these revisions include a 289% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 11% increase 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.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is the same as the current guideline value for Vanuvampet - Pazhandiyamman Koil Street.

• Vanuvam Pettai 2nd Lane: Rs 3,900 per sq.ft (2024)
• Vanuvampettai Road 1st Lane: Rs 3,900 per sq.ft (2024)
• Vanjinathan Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• ValMeegi Street Kundrakudi Nagar: Rs 3,900 per sq.ft (2024)
• Valluvar Street: Rs 3,900 per sq.ft (2024)
• vallMigi Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Vanuvampet - Pazhandiyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that 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 information.

Which Sub Registrar Office covers Vanuvampet - Pazhandiyamman Koil Street?

The Sub Registrar Office that covers Vanuvampet - Pazhandiyamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vanuvampet - Pazhandiyamman Koil Street?

The current guideline value for Vanuvampet - Pazhandiyamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 333% over the years.

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

Other streets in Adambakkam with a guideline value of Rs 3,900 per sq.ft include Vanuvam Pettai 2nd Lane, Vanuvampettai Road 1st Lane, Vanjinathan Street (Nilamangai Nagar), ValMeegi Street Kundrakudi Nagar, Valluvar Street, and vallMigi Street (Nilamangai Nagar).

What are the stamp duty and registration fees for property in Vanuvampet - Pazhandiyamman Koil Street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for Vanuvampet - Pazhandiyamman Koil Street?

The Sub Registrar Office for Vanuvampet - Pazhandiyamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.