Guideline Value for Nehru Street / Valajabad Road

Nehru Street / Valajabad Road guideline value

The current guideline value of Nehru Street / Valajabad Road is Rs 1,500 per sq.ft, as per the 2023 revision. This property is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Nehru Street / Valajabad Road has changed

The guideline value for Nehru Street / Valajabad Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. In contrast, the period from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was a remarkable 173%. Overall, from 2007 to 2023, the guideline value increased by 173%.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Nehru Street / Valajabad Road is classified under the Gooduvancheri SRO, and there are no other streets in Vandalur listed with guideline values.

Stamp duty and registration fee for property in Nehru Street / Valajabad Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Street / Valajabad Road?

The Nehru Street / Valajabad Road falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized property valuation.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Nehru Street / Valajabad Road?

The current guideline value of Nehru Street / Valajabad Road is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally increased back to Rs 1,500 per sq.ft in 2023.

What is the stamp duty for property in Nehru Street / Valajabad Road?

The stamp duty for property in Nehru Street / Valajabad Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nehru Street / Valajabad Road?

The Gooduvancheri Sub Registrar Office covers Nehru Street / Valajabad Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties, influencing the stamp duty and registration fees. It ensures that these fees are calculated based on a standardized property valuation, providing consistency in transactions.