Guideline Value for VEDHATHIRI NAGAR (VAL)

Vedhathiri Nagar (Val) guideline value

The current guideline value of Vedhathiri Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram 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. In 2012, the guideline value was Rs 800 per sq.ft, which was then revised to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and most recently, it has risen to Rs 881 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw an increase of 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the current value of Rs 881 per sq.ft.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, and Vedhathiri Nagar (Val) is 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 881 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 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty is charged at 7%, which totals Rs 61,670, and the registration fee is 2%, amounting to Rs 17,620. Together, the total fees would be Rs 79,290. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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, 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 Thailavaram

The guideline value is an important factor when buying or selling property in Thailavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a buyer or seller approaches the registration office, the guideline value will be referenced to ensure that the transaction is in compliance with local regulations. This value helps in maintaining transparency and standardization 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 881 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 2012 to Rs 536 per sq.ft in 2017, and then increased to Rs 800 per sq.ft in 2023 before reaching Rs 881 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Vedhathiri Nagar (Val)?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,290.

Which Sub Registrar Office covers Vedhathiri Nagar (Val)?

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

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

Vedhathiri Nagar (Val) is classified as Residential Class I Type - II.