Guideline Value for VIDHYA NAGAR

Vidhya Nagar guideline value

The current guideline value of Vidhya Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Vidhya Nagar has changed

The guideline value for Vidhya Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,450 per sq.ft. This was followed by a decrease to Rs 971 per sq.ft in 2017, marking a significant drop of 33%. The value then increased slightly to Rs 1,000 per sq.ft in 2023, and again to Rs 1,100 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, the guideline value has decreased by 24% from the 2012 figure to the 2024 figure. The change from 2017 to 2023 was a modest increase of 3%, indicating a gradual adjustment in the guideline value over the years.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Vidhya Nagar's 2024 value above this median.

• Victoria Elsie George Garden Phase - I: Rs 1,650 per sq.ft (2024)
• Victoria Elise George Garden: Rs 880 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 600 per sq.ft (2024)
• Thirumalai Nagar / Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Sun City: Rs 1,100 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Vidhya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the 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 Vidhya Nagar?

The Sub Registrar Office that covers Vidhya Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nadukuthagai. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is used to determine the applicable taxes. It is essential for both parties to understand that the stamp duty is charged based on the higher amount between the guideline value and the sale price, ensuring that all transactions are processed fairly and transparently.

Frequently asked questions

What is the current guideline value of Vidhya Nagar?

The current guideline value of Vidhya Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,450 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, reflecting an overall decrease of 24% over this period.

What is the land classification for Vidhya Nagar?

Vidhya Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vidhya Nagar?

The Avadi Sub Registrar Office covers Vidhya Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in Vidhya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.