Guideline Value for Varadhapuri Amman Koil Street

Varadhapuri Amman Koil Street guideline value

The current guideline value of Varadhapuri Amman Koil Street is Rs 1,075 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village and falls under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Varadhapuri Amman Koil Street has changed

The guideline value for Varadhapuri Amman Koil Street has seen several revisions over the years. In the 2012 revision, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and then to Rs 1,075 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. Varadhapuri Amman Koil Street's 2024 figure is below this median.

• Varadharaja Nagar: Rs 930 per sq.ft (2024)
• Udayar Street: Rs 930 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vgn Bloom: Rs 2,680 per sq.ft (2024)
• Vijaya Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Varadhapuri Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, totaling Rs 96,750. 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 details.

Which Sub Registrar Office covers Varadhapuri Amman Koil Street?

The Sub Registrar Office that covers Varadhapuri Amman Koil Street is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Sekkadu, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Varadhapuri Amman Koil Street?

The current guideline value of Varadhapuri Amman Koil Street is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification of Varadhapuri Amman Koil Street?

Varadhapuri Amman Koil Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250 and the registration fee would be Rs 21,500, totaling Rs 96,750.

Which office handles registrations for Varadhapuri Amman Koil Street?

The Avadi Sub Registrar Office handles registrations for Varadhapuri Amman Koil Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.