Guideline Value

Corporate

Guideline Value for VADIVAMBGAI SUNDARI GARDEN

₹248/sq.ft.

The guideline value for Vadivambgai Sundari Garden in Kodipallam village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodipallam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Vadivambgai Sundari Garden

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Vadivambgai Sundari Garden guideline value

The current guideline value of Vadivambgai Sundari Garden is Rs 248 per sq.ft. This property is located in Kodipallam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vadivambai Sundari Garden has changed

The guideline value for Vadivambai Sundari Garden has seen several revisions over the years. In 2012, the guideline value was Rs 225 per sq.ft, which decreased to Rs 151 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value up to Rs 226 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodipallam

In Kodipallam, there are 11 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft. This places Vadivambai Sundari Garden at the median value for the area.

Stamp duty and registration fee for property in Vadivambgai Sundari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty, charged at 7%, would amount to Rs 17,360, and the registration fee, charged at 2%, would be Rs 4,960. Together, these fees total Rs 22,320. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadivambgai Sundari Garden?

The Sub Registrar Office that covers Vadivambai Sundari Garden 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 Kodipallam

The guideline value is a crucial factor when registering property transactions in Kodipallam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold or purchased, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the registration process is aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Vadivambgai Sundari Garden?

The current guideline value of Vadivambgai Sundari Garden is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Vadivambgai Sundari Garden?

For a property valued at Rs 2,48,000, the stamp duty would be Rs 17,360 and the registration fee would be Rs 4,960, totaling Rs 22,320.

Which office handles registrations for Vadivambgai Sundari Garden?

The Thiruvottiyur Sub Registrar Office handles registrations for Vadivambgai Sundari Garden, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is used for fee calculations.