Guideline Value for VARATHARAJALU ENCLAVE

Varatharajalu Enclave guideline value

The current guideline value of Varatharajalu Enclave is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Varatharajalu Enclave has changed

The guideline value for Varatharajalu Enclave has remained consistent at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision, indicating no change (0%). The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2024 revision, the guideline value was set at Rs 1,300 per sq.ft, the same as in the 2023 revision. This stability reflects a consistent valuation for this area over the past two years.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,200 per sq.ft. Varatharajalu Enclave's 2024 figure is above this median.

• Vatchala Avenue: Rs 1,200 per sq.ft (2024)
• Vatchala Nagar: Rs 1,200 per sq.ft (2024)
• Vengadeswara Avenue: Rs 1,200 per sq.ft (2024)
• Vettrivel Nagar: Rs 1,200 per sq.ft (2024)
• Vignesh Avenue: Rs 1,200 per sq.ft (2024)
• Vignesh Avenue Extn: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Varatharajalu Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% is Rs 91,000, and the registration fee at 2% is Rs 26,000, bringing the total cost to Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Varatharajalu Enclave?

The Sub Registrar Office that covers Varatharajalu Enclave is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Madambakkam. It serves as the baseline for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official valuation of the property.

When a property is bought or sold, the guideline value is used to determine the applicable fees, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Varatharajalu Enclave?

The current guideline value of Varatharajalu Enclave is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Varatharajalu Enclave has remained at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam under the Gooduvancheri SRO have a guideline value of Rs 1,200 per sq.ft in 2024. This includes streets like Vatchala Avenue, Vatchala Nagar, and Vettrivel Nagar.

How is stamp duty calculated for properties in Varatharajalu Enclave?

Stamp duty for properties in Varatharajalu Enclave is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 91,000 based on the current guideline value.

Which office handles property registrations for Varatharajalu Enclave?

The Gooduvancheri Sub Registrar Office handles property registrations for Varatharajalu Enclave. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.