Guideline Value for VEDANTA NAGAR

Vedanta Nagar guideline value

The current guideline value of Vedanta Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Vedanta Nagar has changed

According to the guideline value register, there are no recorded figures for Vedanta Nagar in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 300 per sq.ft, reflecting a change of +0% from the previous year.

This consistency in the guideline value indicates stability in this area, with no fluctuations noted in the recent revisions. The current rate is above the median guideline value for other streets in Venmanamputhur.

Guideline values in Venmanamputhur

Venmanamputhur has a total of 54 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for the village is Rs 200 per sq.ft, placing Vedanta Nagar's 2024 figure above this median.

• Vasistar Nagar / Annex: Rs 250 per sq.ft (2024)
• Venus Colony: Rs 200 per sq.ft (2024)
• Venus Nagar: Rs 200 per sq.ft (2024)
• Udayam Nagar: Rs 200 per sq.ft (2024)
• Udaya Deepam Nagar: Rs 200 per sq.ft (2024)
• T.N.E.B. Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vedanta Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vedanta Nagar?

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

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

The guideline value plays a crucial role in property transactions in Venmanamputhur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate taxes based on the property's assessed value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vedanta Nagar?

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

How has the guideline value changed over the years?

The guideline value for Vedanta Nagar has remained at Rs 300 per sq.ft since the 2023 revision, with no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Venmanamputhur?

The median guideline value for streets in Venmanamputhur is Rs 200 per sq.ft, with Vedanta Nagar's current value being above this median.

What are the stamp duty and registration fees for properties in Vedanta Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Vedanta Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.