Guideline Value for VADIVEL NAGAR

Vadivel Nagar guideline value

The current guideline value of Vadivel Nagar, a village under the Cheyyur SRO in Chengalpattu zone, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Vadivel Nagar has changed

The guideline value for Vadivel Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a 49% increase to the current figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median of Rs 101 per sq.ft. The guideline value for Vadivel Nagar is above this median.

• Vadakku Street: Rs 400 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 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 Vadivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vadivel Nagar?

The Sub Registrar Office that covers Vadivel Nagar is located at Cheyyur Sub Registrar Office, 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your specific SRO, you can use the find your SRO tool.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vadivel Nagar?

The current guideline value of Vadivel Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, while it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the classification of land in Vadivel Nagar?

Vadivel Nagar is classified as Residential Class II Type - I according to the local land classification regulations.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties in Vadivel Nagar. It is essential for calculating stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

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

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