Guideline Value for VALLUVAN VASUKI NAGAR

Valluvan Vasuki Nagar guideline value

The current guideline value of Valluvan Vasuki Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Vellathukottai village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Valluvan Vasuki Nagar has changed

The guideline value for Valluvan Vasuki Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 80 per sq.ft, which decreased to Rs 54 per sq.ft in the 2017 revision. Following this, the value increased to Rs 100 per sq.ft in the 2023 revision, and it remains the same in the 2024 revision, showing a significant increase of 85% from 2017 to 2023.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2012 to 2024, there has been an overall increase of 25%. Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street.

Guideline values in Vellathukottai

In Vellathukottai, there are 7 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Valluvan Vasuki Nagar's 2024 figure is equal to this median.

• Vanavil Nagar: Rs 100 per sq.ft (2024)
• Sundarambal Nagar: Rs 100 per sq.ft (2024)
• Subramaniyam Nagar Phase-I: Rs 100 per sq.ft (2024)
• Subramaniyam Nagar Phase-3: Rs 100 per sq.ft (2024)
• Subramaniyam Nagar-II: Rs 100 per sq.ft (2024)
• Sundarambal Nagar Stage I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvan Vasuki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valluvan Vasuki Nagar?

The Valluvan Vasuki Nagar area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Vellathukottai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the necessary fees, ensuring that all transactions comply with the local regulations.

Frequently asked questions

What is the current guideline value of Valluvan Vasuki Nagar?

The current guideline value of Valluvan Vasuki Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in both 2023 and 2024. This reflects an overall increase of 25% from 2012 to 2024.

What are the other streets in Vellathukottai with the same guideline value?

Other streets in Vellathukottai, such as Vanavil Nagar and Sundarambal Nagar, also have a guideline value of Rs 100 per sq.ft for 2024, similar to Valluvan Vasuki Nagar.

What are the registration fees for property in Valluvan Vasuki Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. Fees are based on the higher of the guideline value or the sale price.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find more information by visiting the relevant link.