Guideline Value for VAIDHIYALINGAM SALAI

Vaidhiyalingam Salai guideline value

The current guideline value of Vaidhiyalingam Salai is Rs 2,725 per sq.ft. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vaidhiyalingam Salai has changed

The guideline value for Vaidhiyalingam Salai has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. After this, the 2023 revision increased the value to Rs 2,500 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 2,725 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49%. The increase from 2023 to 2024 is 9%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, which matches the current value for Vaidhiyalingam Salai.

• Urban Tree Oxygen: Rs 1,175 per sq.ft (2024)
• Valar Garden: Rs 1,650 per sq.ft (2024)
• Valmigi Street: Rs 3,300 per sq.ft (2024)
• Vanchinathan Street: Rs 3,300 per sq.ft (2024)
• Veeramamunivar Street: Rs 3,300 per sq.ft (2024)
• Thiruvallur Street: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Vaidhiyalingam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, making the total cost for these fees Rs 2,45,250. It is important to note that 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 Vaidhiyalingam Salai?

The Sub Registrar Office that covers Vaidhiyalingam Salai is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Perumbakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers alike must consider this value when negotiating sale prices.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vaidhiyalingam Salai?

The current guideline value of Vaidhiyalingam Salai is Rs 2,725 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

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

Other streets in Perumbakkam have varying guideline values. For example, Urban Tree Oxygen is Rs 1,175 per sq.ft, while Valmigi Street, Vanchinathan Street, and Veeramamunivar Street are all valued at Rs 3,300 per sq.ft.

How is stamp duty calculated for properties in Vaidhiyalingam Salai?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750.

Where can I find the Sub Registrar Office for Vaidhiyalingam Salai?

The Sub Registrar Office for Vaidhiyalingam Salai is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information online.