Guideline Value for VADA AGARAM ROAD

Vada Agaram Road guideline value

The current guideline value of Vada Agaram Road in Vadaagaram village is Rs 7,700 per sq.ft, effective from 1 July 2024. This area falls under the Kodambakkam Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Vada Agaram Road has changed

The guideline value for Vada Agaram Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,321 per sq.ft. This increased to Rs 1,461 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 2,100 per sq.ft in 2007, which was a significant increase of 44%. Following this, the 2012 revision set the value at Rs 6,500 per sq.ft, a decrease of 28% from the previous revision.

In the subsequent years, the guideline value saw substantial increases. The 2017 revision recorded a value of Rs 4,690 per sq.ft, reflecting a 49% increase from 2012. The most recent revision in 2023 set the value at Rs 7,000 per sq.ft, which was a 49% increase from the 2017 figure. Finally, the current guideline value of Rs 7,700 per sq.ft in the 2024 revision represents a 10% increase from 2023.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Vada Agaram Road's current value above this median.

• Vada Agaram Street: Rs 6,600 per sq.ft (2024)
• Vada Agaram 1st Street: Rs 12,000 per sq.ft (2024)
• Thiruvalluvarpuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvarpuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thanthoni Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Vinayagar 1st Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vada Agaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vada Agaram Road?

The Kodambakkam Sub Registrar Office covers Vada Agaram Road. The office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaagaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property transaction occurs, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vada Agaram Road?

The current guideline value of Vada Agaram Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,321 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 483% over the years.

What is the stamp duty rate for property in Vada Agaram Road?

The stamp duty rate for property in Vada Agaram Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How do I calculate the registration fee for a property in Vada Agaram Road?

The registration fee for a property in Vada Agaram Road is 2% of the guideline value or sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.