Guideline Value for VAMANAN NAGAR

Vamanan Nagar guideline value

The current guideline value of Vamanan Nagar is Rs 254 per sq.ft, effective from 1 July 2024. This area is located in Edaiyalam village, under the Acchirapakkam Sub Registrar Office (SRO), and is classified as Mixed Type - II.

How the guideline value of Vamanan Nagar has changed

The guideline value for Vamanan Nagar has remained consistent at Rs 254 per sq.ft from the 2023 revision through to the 2024 revision, reflecting a change of +0%. Prior to this, the register has no figure for Vamanan Nagar for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value was set at Rs 254 per sq.ft, which is equal to the median value of Rs 254 per sq.ft for three streets in Edaiyalam under the Acchirapakkam SRO. The 2023 revision also recorded the same figure of Rs 254 per sq.ft, indicating stability in the guideline value for this street.

Guideline values in Edaiyalam

In Edaiyalam, three streets carry a 2024 guideline value, ranging from Rs 250 to Rs 254 per sq.ft. Vamanan Nagar's guideline value of Rs 254 per sq.ft is equal to the median value for these streets.

• கோல்டன் அவென்யூ: Rs 250 per sq.ft (2024)
• ஸ்ரீ ஆனந்தவள்ளி நகர்: Rs 254 per sq.ft (2024)

Stamp duty and registration fee for property in Vamanan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 254 per sq.ft, the total guideline value amounts to Rs 2,54,000. The stamp duty at 7% would be Rs 17,780, and the registration fee at 2% would be Rs 5,080, bringing the total to Rs 22,860. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vamanan Nagar?

The Sub Registrar Office covering Vamanan Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Edaiyalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair assessment of the property’s worth. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Vamanan Nagar?

The current guideline value of Vamanan Nagar is Rs 254 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vamanan Nagar has remained at Rs 254 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Edaiyalam?

In Edaiyalam, the guideline values for other streets include Rs 250 per sq.ft for கோல்டன் அவென்யூ and Rs 254 per sq.ft for ஸ்ரீ ஆனந்தவள்ளி நகர் in 2024.

How is stamp duty calculated for property in Vamanan Nagar?

Stamp duty for property in Vamanan Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

Where is the Sub Registrar Office for Vamanan Nagar located?

The Acchirapakkam Sub Registrar Office, which covers Vamanan Nagar, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.