Guideline Value for VADIVUDAIYAMMAN NAGAR

Vadivudaiyamman Nagar guideline value

The current guideline value of Vadivudaiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Vadivudaiyamman Nagar has changed

The guideline value for Vadivudaiyamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the guideline value for Vadivudaiyamman Nagar.

• Valaja Nagar: Rs 330 per sq.ft (2024)
• Tirupathi Venkatesa Perumal Nagar: Rs 330 per sq.ft (2024)
• Tirumalai Nagar: Rs 220 per sq.ft (2024)
• Velankanni Nagar: Rs 220 per sq.ft (2024)
• Thiruvudaiyamman Nagar: Rs 220 per sq.ft (2024)
• Vigneswar Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Vadivudaiyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. Please 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 details.

Which Sub Registrar Office covers Vadivudaiyamman Nagar?

The Sub Registrar Office that covers Vadivudaiyamman Nagar 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 Vallur

When buying or selling property in Vallur, the guideline value is an essential factor in determining the stamp duty and registration fees. It serves as a reference point for the official valuation of the property, ensuring that the transaction is recorded accurately in the public registry.

The guideline value helps in assessing the taxes applicable to the transaction, providing a transparent framework for both buyers and sellers. It is crucial 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 Vadivudaiyamman Nagar?

The current guideline value of Vadivudaiyamman Nagar is Rs 220 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 134 per sq.ft to Rs 220 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the other streets in Vallur and their guideline values?

Other streets in Vallur include Valaja Nagar and Tirupathi Venkatesa Perumal Nagar, both at Rs 330 per sq.ft, and Tirumalai Nagar, Velankanni Nagar, Thiruvudaiyamman Nagar, and Vigneswar Nagar, all at Rs 220 per sq.ft.

What is the registration fee for property in Vadivudaiyamman Nagar?

The registration fee for property in Vadivudaiyamman Nagar is 2% of the guideline value. For example, for a property valued at Rs 2,20,000, the registration fee would be Rs 4,400.

Where is the Sub Registrar Office for Vadivudaiyamman Nagar located?

The Sub Registrar Office for Vadivudaiyamman Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.