Guideline Value for VADIVELAN NAGAR

Vadivelan Nagar guideline value

The current guideline value of Vadivelan Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Vadivelan Nagar has changed

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. This increased to Rs 700 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the current guideline value of Vadivelan Nagar.

• Valarmathi Nagar: Rs 870 per sq.ft (2024)
• T.V.S.Nagar: Rs 870 per sq.ft (2024)
• T.R.R.Nagar & Streets: Rs 770 per sq.ft (2024)
• Transfarmer Street: Rs 440 per sq.ft (2024)
• Vasantham Nagar: Rs 770 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 770 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost together to Rs 69,300. Please 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 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-B

The guideline value plays a crucial role in property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that the transaction is recorded accurately and legally.

When selling property, the guideline value helps establish a baseline for pricing. It is important for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Vadivelan Nagar?

The current guideline value of Vadivelan Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall rise of 64%.

What is the land classification of Vadivelan Nagar?

Vadivelan Nagar is classified as Residential Class II Type - III under the current guidelines.

What are the stamp duty and registration fees for a property in Vadivelan Nagar?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost would be Rs 69,300.

Which Sub Registrar Office covers Vadivelan Nagar?

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