Guideline Value

Corporate

Guideline Value for VADIUDAIAMMAN NAGAR

₹330/sq.ft.

The guideline value for Vadiudaiamman Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹42 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹37 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vadiudaiamman Nagar

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Vadiudaiamman Nagar guideline value

The current guideline value of Vadiudaiamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vadiudaiamman Nagar has changed

The guideline value for Vadiudaiamman Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 37 per sq.ft, which increased to Rs 42 per sq.ft in 2003, marking a 14% increase. The value then rose to Rs 50 per sq.ft in 2007, representing a significant increase of 19%. Following this, there was a remarkable jump to Rs 300 per sq.ft in 2012, reflecting a 500% increase. However, the value decreased to Rs 201 per sq.ft in 2017, a decline of 33%. The guideline value then saw a substantial rise to Rs 300 per sq.ft in 2023, followed by a further increase to Rs 330 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 792%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value of Vadiudaiamman Nagar.

Stamp duty and registration fee for property in Vadiudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, together totaling Rs 29,700. 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 details.

Which Sub Registrar Office covers Vadiudaiamman Nagar?

The Sub Registrar Office that covers Vadiudaiamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nanthiambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps to establish a baseline for the sale price. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Vadiudaiamman Nagar?

The current guideline value of Vadiudaiamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 37 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, with various increases and decreases in between, including a significant jump to Rs 300 per sq.ft in 2012 and a decrease to Rs 201 per sq.ft in 2017.

What is the land classification for Vadiudaiamman Nagar?

Vadiudaiamman Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Vadiudaiamman Nagar?

The Sub Registrar Office for Vadiudaiamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated for properties in Vadiudaiamman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft would incur a total of Rs 29,700 in fees.