Guideline Value for VADAKKU STREET

Vadakku Street guideline value

The current guideline value of Vadakku Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vadakku Street has changed

In the 2017 revision, the guideline value was set at Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in the 2023 revision and continues to be Rs 400 per sq.ft in the 2024 revision, indicating no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Vadakku Street. However, the significant change from 2017 to 2023 was a 49% increase, bringing the value to Rs 400 per sq.ft.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, making Vadakku Street's 2024 figure above that median.

• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Vadivel Nagar: Rs 200 per sq.ft (2024)
• Valluvan Street: Rs 101 per sq.ft (2024)
• Vandavasi Salai: Rs 200 per sq.ft (2024)
• Velaramman Koil Street: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Vadakku Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the 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 Vadakku Street?

The Sub Registrar Office that covers Vadakku Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration of property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vadakku Street?

The current guideline value of Vadakku Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vadakku Street has remained at Rs 400 per sq.ft from 2023 to 2024, with a 49% increase from Rs 268 per sq.ft in 2017.

What is the median guideline value for streets in Cheyyur - A?

The median guideline value for streets in Cheyyur - A is Rs 101 per sq.ft, with Vadakku Street's 2024 figure being above this median.

What are the stamp duty rates for properties in Vadakku Street?

The stamp duty rate for properties in Vadakku Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Vadakku Street located?

The Sub Registrar Office for Vadakku Street is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.