Guideline Value for VEDHATHIRI NAGAR (VAL)

Vedhathiri Nagar (Val) guideline value

The current guideline value of Vedhathiri Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Konathi village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Vedhathiri Nagar (Val) has changed

Looking at the historical revisions, the guideline value for Vedhathiri Nagar (Val) was Rs 800 per sq.ft in 2023, which was an increase from Rs 536 per sq.ft in 2017. The 2012 revision also recorded a value of Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value is Rs 770 per sq.ft, making Vedhathiri Nagar (Val) above this median.

• Veerapthra Nagar (Ward-21): Rs 770 per sq.ft (2024)
• Velan Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Varsha Avenue (Po): Rs 880 per sq.ft (2024)
• Vembuliamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Vallancheri Colony Road (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vedhathiri Nagar (Val)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the 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 Vedhathiri Nagar (Val)?

The Sub Registrar Office that covers Vedhathiri Nagar (Val) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konathi. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value helps determine the minimum price at which the transaction can be registered. This means that both buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vedhathiri Nagar (Val)?

The current guideline value of Vedhathiri Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012, with no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Vedhathiri Nagar (Val)?

Vedhathiri Nagar (Val) is classified as Residential Class I Type - II, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Vedhathiri Nagar (Val)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 61,600 at 7% of the guideline value.

Where can I find the Sub Registrar Office for Vedhathiri Nagar (Val)?

The Sub Registrar Office for Vedhathiri Nagar (Val) is located at Chengleput Joint II Sub Registrar Office, 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the find your SRO page.