Guideline Value for VANDAVASI SALAI

Vandavasi Salai guideline value

The current guideline value of Vandavasi Salai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur under the Cheyyur SRO, classified as Residential Class II Type - I.

How the guideline value of Vandavasi Salai has changed

Over the years, the guideline value for Vandavasi Salai has seen several revisions. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and overall from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Thus, the only recorded values are from 2017, 2023, and 2024.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, placing Vandavasi Salai's 2024 figure above this median.

• Valluvan Street: Rs 101 per sq.ft (2024)
• Vadivel Nagar: Rs 200 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Velaramman Koil Street: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Vandavasi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Vandavasi Salai?

The Sub Registrar Office that covers Vandavasi Salai is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

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

When buying or selling property, the guideline value influences the costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, impacting the overall financial commitment of the transaction.

Frequently asked questions

What is the current guideline value of Vandavasi Salai?

The current guideline value of Vandavasi Salai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vandavasi Salai has remained at Rs 200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the guideline values for other streets in Cheyyur - A?

Other streets in Cheyyur - A have varying guideline values. For example, Valluvan Street has a value of Rs 101 per sq.ft, while Vadakku Street is valued at Rs 400 per sq.ft.

What fees are associated with property registration in Vandavasi Salai?

When registering property in Vandavasi Salai, the stamp duty is 7% of the guideline value or sale price, and the registration fee is 2%. For instance, a 1,000 sq.ft plot would incur a total of Rs 18,000 in fees based on the current guideline value.

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

The Sub Registrar Office for Vandavasi Salai is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find more information about it online.