Guideline Value for VEDA VINAYAGAR NAGAR

Veda Vinayagar Nagar guideline value

The current guideline value of Veda Vinayagar Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Thirupachur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Veda Vinayagar Nagar has changed

The guideline value for Veda Vinayagar Nagar has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 626 per sq.ft in both the 2023 and 2024 revisions, showing a 134% increase from 2017 to 2023, and no change from 2023 to 2024.

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 57%.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value among these streets is Rs 550 per sq.ft, placing Veda Vinayagar Nagar's 2024 figure above the median.

• Vellalar street: Rs 550 per sq.ft (2024)
• Vaniya street: Rs 1,000 per sq.ft (2024)
• Vettaikaran street: Rs 1,000 per sq.ft (2024)
• Tiruttani Road: Rs 2,000 per sq.ft (2024)
• Tirupachur colony: Rs 550 per sq.ft (2024)
• Pookara street/kavari street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Veda Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, making the total cost for these fees Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veda Vinayagar Nagar?

The Sub Registrar Office that covers Veda Vinayagar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirupachur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When purchasing or selling property, it is essential to consider the guideline value, as it directly impacts the financial obligations tied to the transaction. Buyers and sellers should be aware of the current guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Veda Vinayagar Nagar?

The current guideline value of Veda Vinayagar Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the median guideline value in Thirupachur?

The median guideline value in Thirupachur is Rs 550 per sq.ft, with Veda Vinayagar Nagar's value being above this median.

What are the stamp duty and registration fees for property in Veda Vinayagar Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,26,000, the total fees would be Rs 56,340.

Which office handles property registration for Veda Vinayagar Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Veda Vinayagar Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.