Guideline Value

Corporate

Guideline Value for VEDA NAYAGAM 1ST CROSS ST

₹1310/sq.ft.

The guideline value for Veda Nayagam 1st Cross St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Veda Nayagam 1st Cross St

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Veda Nayagam 1st Cross St guideline value

The current guideline value of Veda Nayagam 1st Cross St is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class III Type - I.

How the guideline value of Veda Nayagam 1st Cross St has changed

The guideline value for Veda Nayagam 1st Cross St has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and finally rose to Rs 1,310 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Additionally, when looking at the overall change from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Veda Nayagam 1st Cross St's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Veda Nayagam 1st Cross St

For a 1,000 sq.ft plot at the current rate of Rs 1,310 per sq.ft, the guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total to Rs 1,17,900. It is important to note that the 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 Veda Nayagam 1st Cross St?

The Veda Nayagam 1st Cross St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This value is essential for legal documentation and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Veda Nayagam 1st Cross St?

The current guideline value of Veda Nayagam 1st Cross St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Veda Nayagam 1st Cross St?

Veda Nayagam 1st Cross St is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 13,10,000, the stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, totaling Rs 1,17,900.

Which office handles registrations for Veda Nayagam 1st Cross St?

The Avadi Sub Registrar Office handles registrations for Veda Nayagam 1st Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.