Guideline Value for VEDHA GARDEN

Vedha Garden guideline value

The current guideline value of Vedha Garden in Mamandoor village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Vedha Garden has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 500 per sq.ft, reflecting a 49% rise. The 2023 revision maintained the same figure of Rs 500 per sq.ft, which has carried over into the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Vedha Garden. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,200 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which aligns with the guideline value of Vedha Garden.

• Varun Plats: Rs 400 per sq.ft (2024)
• Vijay Nagar: Rs 800 per sq.ft (2024)
• Welcome City: Rs 400 per sq.ft (2024)
• Welcome City Phase -2: Rs 400 per sq.ft (2024)
• Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Sri Vathsa Nagar Phasei: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vedha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, the total fees would amount to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vedha Garden?

The Sub Registrar Office that covers Vedha Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mamandoor. It serves as the benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees reflect the official valuation of the property. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vedha Garden?

The current guideline value of Vedha Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 500 per sq.ft since 2023. It was Rs 335 per sq.ft in 2017 and has remained stable at Rs 500 per sq.ft since 2012, showing a 0% change overall from 2012 to 2024.

What is the classification of Vedha Garden?

Vedha Garden is classified as Residential Special Type - II under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Vedha Garden?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vedha Garden located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Vedha Garden.