Guideline Value for VEDAVALLI NAGAR

Vedavalli Nagar guideline value

The current guideline value of Vedavalli Nagar, located in Thandarai (Chengai) village under the Thirukazhukundram SRO, is Rs 750 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

How the guideline value of Vedavalli Nagar has changed

As per the guideline value register, there have been no figures listed for Vedavalli Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The revision figures for the years 2023 and 2024 are both Rs 750 per sq.ft, indicating no change between these two revisions, with a percentage change of +0%.

This means that the guideline value has remained stable at Rs 750 per sq.ft from 2023 to 2024. The absence of figures in earlier revisions suggests that the guideline value for this street has only been established in the more recent revisions.

Guideline values in Thandarai (Chengai)

In Thandarai (Chengai), there are five streets under the Thirukazhukundram SRO that have a 2024 guideline value. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current value of Vedavalli Nagar.

• Collector Nagar Phase I: Rs 170 per sq.ft (2024)
• Collector Nagar: Rs 250 per sq.ft (2024)
• Elite Garden: Rs 750 per sq.ft (2024)
• Vedavalli Nagar Extension: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vedavalli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total of Rs 67,500. 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 details.

Which Sub Registrar Office covers Vedavalli Nagar?

The Sub Registrar Office that covers Vedavalli Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thandarai (Chengai)

The guideline value is a crucial factor when buying or selling property in Thandarai (Chengai). It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a recognized value.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vedavalli Nagar?

The current guideline value of Vedavalli Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vedavalli Nagar has remained unchanged at Rs 750 per sq.ft from 2023 to 2024. There are no figures available for the revisions from 2002 to 2017.

What are the guideline values of other streets in Thandarai (Chengai)?

Other streets in Thandarai (Chengai) have varying guideline values, with Collector Nagar Phase I at Rs 170 per sq.ft, Collector Nagar at Rs 250 per sq.ft, and both Elite Garden and Vedavalli Nagar Extension at Rs 750 per sq.ft.

How is stamp duty calculated for properties in Vedavalli Nagar?

Stamp duty for properties in Vedavalli Nagar is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total stamp duty would be Rs 52,500 at the current guideline value.

Where can I find more information about the Sub Registrar Office?

The Thirukazhukundram Sub Registrar Office covers Vedavalli Nagar. You can find more information about this office and others by visiting the relevant link.