Guideline Value for VADIVEL NADAR NAGAR

Vadivel Nadar Nagar guideline value

The current guideline value of Vadivel Nadar Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village and falls under the Walajabad SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Vadivel Nadar Nagar has changed

The guideline value for Vadivel Nadar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft. The 2024 revision maintains this value at Rs 750 per sq.ft, showing no change 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 remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the guideline value for Vadivel Nadar Nagar.

• Vadakku Puthu St: Rs 750 per sq.ft (2024)
• Vaanuvar St: Rs 750 per sq.ft (2024)
• Vaishnavi Nagar: Rs 400 per sq.ft (2024)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Vakkar St: Rs 750 per sq.ft (2024)
• Vallappakkam Road: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vadivel Nadar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration would be Rs 67,500. It is important to note that the 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 Vadivel Nadar Nagar?

The Sub Registrar Office that covers Vadivel Nadar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Walajabad. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally in the official records.

Frequently asked questions

What is the current guideline value of Vadivel Nadar Nagar?

The current guideline value of Vadivel Nadar Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification for Vadivel Nadar Nagar?

The land classification for Vadivel Nadar Nagar is Residential Class IV Type - I.

What are the other streets in Walajabad with similar guideline values?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include Vadakku Puthu St, Vaanuvar St, Vakkar St, and Vallappakkam Road.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.