Guideline Value for VAIBHAV ENCLAVE

Vaibhav Enclave guideline value

The current guideline value of Vaibhav Enclave, located in Kathirvedu village under the Ambattur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Vaibhav Enclave has changed

The guideline value for Vaibhav Enclave has seen significant changes over the years. The 2017 revision set the value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision has further raised the guideline value to Rs 2,800 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kathirvedu

Kathirvedu has a total of 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. Vaibhav Enclave's current guideline value of Rs 2,800 per sq.ft is above this median.

• Veera Ragavalu Nagar: Rs 2,300 per sq.ft (2024)
• Veera Ragavalu Nagar Extension: Rs 2,300 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 2,000 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thirumal Srinivasa Nagar: Rs 2,000 per sq.ft (2024)
• Vinayakar Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaibhav Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vaibhav Enclave?

The Sub Registrar Office that covers Vaibhav Enclave is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers and sellers 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 Vaibhav Enclave?

The current guideline value of Vaibhav Enclave is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,742 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 61% over this period.

What is the stamp duty for properties in Vaibhav Enclave?

The stamp duty for properties in Vaibhav Enclave is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Vaibhav Enclave located?

The Sub Registrar Office for Vaibhav Enclave is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values for other streets in Kathirvedu?

Other streets in Kathirvedu have varying guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. For example, Veera Ragavalu Nagar and its extension both have a guideline value of Rs 2,300 per sq.ft in 2024.