Guideline Value for vaigai street

Vaigai Street guideline value

The current guideline value of Vaigai Street in Pulikoradu village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Vaigai Street has changed

Looking back at the revisions, the guideline value for Vaigai Street has seen several changes over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, in 2017, the value decreased to Rs 536 per sq.ft, a decline of 33%. The subsequent revision in 2023 brought the value back up to Rs 800 per sq.ft, and the latest revision in 2024 set it at Rs 880 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Vaigai Street.

• Valluvar Street: Rs 880 per sq.ft (2024)
• Thiruvalluvar Street: Rs 880 per sq.ft (2024)
• Thiruneermalai Road: Rs 2,750 per sq.ft (2024)
• Visalakshi Nagar: Rs 880 per sq.ft (2024)
• Sri Pasumpon Nagar: Rs 2,200 per sq.ft (2024)
• Sri Marudhi Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vaigai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the 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 details.

Which Sub Registrar Office covers Vaigai Street?

The Sub Registrar Office that covers Vaigai Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must ensure that the transaction is registered at the Sub Registrar Office, where the guideline value is referenced to calculate the applicable fees.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vaigai Street?

The current guideline value of Vaigai Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing an overall increase of 193% over the years.

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

Other streets in Pulikoradu with the same guideline value of Rs 880 per sq.ft include Valluvar Street, Thiruvalluvar Street, and Visalakshi Nagar.

How is the stamp duty calculated for property in Vaigai Street?

The stamp duty for property in Vaigai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the total guideline value is Rs 8,80,000, leading to a stamp duty of Rs 61,600.

Where can I find the Sub Registrar Office for Vaigai Street?

The Sub Registrar Office for Vaigai Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.