Guideline Value for VittalRao Street

VittalRao Street guideline value

The current guideline value of VittalRao Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of VittalRao Street has changed

The guideline value for VittalRao Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,600 per sq.ft in 2023, and then rose again to Rs 1,700 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing VittalRao Street's 2024 figure above that median.

• Vittal Street First Lane: Rs 1,700 per sq.ft (2024)
• Vittal Street(gnanamurthy nagar): Rs 1,700 per sq.ft (2024)
• V.O. C. Nagar.: Rs 1,001 per sq.ft (2024)
• V.O.C. Street: Rs 1,001 per sq.ft (2024)
• Venkatraman Street: Rs 1,700 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in VittalRao Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty, charged at 7%, would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, these fees would total Rs 1,53,000. The duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VittalRao Street?

The Sub Registrar Office that covers VittalRao Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process for property transactions in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of VittalRao Street?

The current guideline value of VittalRao Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for VittalRao Street?

VittalRao Street is classified as Residential Special Type - I under the Ambattur SRO.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for VittalRao Street?

The Ambattur Sub Registrar Office handles the registration for VittalRao Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.