Guideline Value for VENDHAN NAGAR 1 TO 4 STREETS

Vendhan Nagar 1 To 4 Streets guideline value

The current guideline value for Vendhan Nagar 1 To 4 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Vendhan Nagar 1 To 4 Streets has changed

The guideline value for Vendhan Nagar 1 To 4 Streets has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, the value rose significantly to Rs 2,000 per sq.ft in 2023 and further increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value saw a substantial rise of 49%. 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 S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Vendhan Nagar 1 To 4 Streets below this median.

• Vidudhalai Nagar: Rs 3,300 per sq.ft (2024)
• Viduthalai Nagar 1 To 15 Streets: Rs 3,300 per sq.ft (2024)
• Vinayagapuram 1 To 19 Streets: Rs 1,320 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• 200 Feet Road: Rs 3,300 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vendhan Nagar 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vendhan Nagar 1 To 4 Streets?

The Sub Registrar Office that covers Vendhan Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor when registering property transactions in S. Kullathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vendhan Nagar 1 To 4 Streets?

The current guideline value for Vendhan Nagar 1 To 4 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023 and currently to Rs 2,200 per sq.ft in 2024.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vendhan Nagar 1 To 4 Streets?

The Sub Registrar Office for Vendhan Nagar 1 To 4 Streets is located at Pallavaram Sub Registrar Office, 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in S. Kullathur?

The median guideline value for streets in S. Kullathur is Rs 2,750 per sq.ft, with Vendhan Nagar 1 To 4 Streets being below this median at Rs 2,200 per sq.ft.