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Guideline Value

Corporate

Guideline Value for VEDHATHIRI NAGAR (VAL)

₹880/sq.ft.

The guideline value for Vedhathiri Nagar (val) in Potheri village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Potheri

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vedhathiri Nagar (val)

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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 Potheri 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

The guideline value for Vedhathiri Nagar (Val) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 800 per sq.ft, and the most recent 2024 revision has raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes between the revisions, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, making the current value of Vedhathiri Nagar (Val) above the median.

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, while the registration fee at 2% would be Rs 17,600. Together, the total fees would be Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vedhathiri Nagar (Val)?

The Sub Registrar Office covering Vedhathiri Nagar (Val) 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 information.

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

The guideline value is a crucial factor when buying or selling property in Potheri. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the land records.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions.

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 seen several revisions, with the most recent increase from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The value has fluctuated significantly, with a decrease in 2017 followed by increases in subsequent years.

What is the median guideline value in Potheri?

The median guideline value in Potheri is Rs 770 per sq.ft. The guideline value of Vedhathiri Nagar (Val) is above this median.

What fees are associated with buying property in Vedhathiri Nagar (Val)?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.

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

The Sub Registrar Office for Vedhathiri Nagar (Val) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.