Guideline Value

Corporate

Guideline Value for VEDA NAYAGAM 1ST STREET

₹1310/sq.ft.

The guideline value for Veda Nayagam 1st Street 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 Street

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Veda Nayagam 1st Street guideline value

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

How the guideline value of Veda Nayagam 1st Street has changed

The guideline value for Veda Nayagam 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision, where it was Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,310 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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 Street's current value is above this median.

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

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, totaling Rs 1,17,900. 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 Veda Nayagam 1st Street?

The Veda Nayagam 1st Street falls under the jurisdiction of the Avadi Sub Registrar Office, 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 an essential factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be sold and registered, ensuring transparency in property dealings.

When you buy or sell property, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

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

The current guideline value of Veda Nayagam 1st Street 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 1,310 per sq.ft in 2024, reflecting an overall increase of 9% from 2012 to 2024.

What are the other streets in Vilingiyambakkam with their guideline values?

Other streets in Vilingiyambakkam include Veda Nayagam 1st Cross St at Rs 1,310 per sq.ft, Veda Nayagam St at Rs 810 per sq.ft, and Veda Vinayagar St at Rs 935 per sq.ft, among others.

What is the registration fee and stamp duty for a property in Veda Nayagam 1st Street?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot at Rs 1,310 per sq.ft, the total cost for stamp duty and registration fee would be Rs 1,17,900.

Which office handles the registration for Veda Nayagam 1st Street?

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