Guideline Value for VADIVELAN NAGAR

Vadivelan Nagar guideline value

The current guideline value of Vadivelan Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the jurisdiction of the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - III.

How the guideline value of Vadivelan Nagar has changed

Looking at the revisions, the guideline value for Vadivelan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 set the value at Rs 750 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 60%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Vadivelan Nagar. The 2023 revision showed a 49% increase compared to the 2017 revision, reflecting a notable change in the guideline value over the years.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the 2024 guideline value for Vadivelan Nagar.

• Valarmathi Nagar: Rs 840 per sq.ft (2024)
• T.V.S.Nagar: Rs 840 per sq.ft (2024)
• T.R.R.Nagar & Streets: Rs 750 per sq.ft (2024)
• Transfarmer Street: Rs 440 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vadivelan 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, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadivelan Nagar?

The Sub Registrar Office that covers Vadivelan Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a baseline for calculating the applicable taxes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vadivelan Nagar?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

What is the land classification for Vadivelan Nagar?

The land classification for Vadivelan Nagar is Residential Class II Type - III.

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

The Avadi Sub Registrar Office covers Vadivelan Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vadivelan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.