Guideline Value for VIDUTHALAI NAGAR 1 TO 15 STREETS

Viduthalai Nagar 1 To 15 Streets guideline value

The current guideline value for Viduthalai Nagar 1 To 15 Streets is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Viduthalai Nagar 1 To 15 Streets has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 3,300 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a rise of 32%. Overall, from 2012 to 2024, the guideline value has increased by 32%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Viduthalai Nagar 1 To 15 Streets is above this median.

• Vidudhalai Nagar: Rs 3,300 per sq.ft (2024)
• Vinayagapuram 1 To 19 Streets: Rs 1,320 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• 200 Feet Road: Rs 3,300 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): 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 Viduthalai Nagar 1 To 15 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Viduthalai Nagar 1 To 15 Streets?

The Sub Registrar Office that covers Viduthalai Nagar 1 To 15 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Viduthalai Nagar 1 To 15 Streets?

The current guideline value for Viduthalai Nagar 1 To 15 Streets is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, and 2007.

What is the land classification for Viduthalai Nagar 1 To 15 Streets?

The land classification for Viduthalai Nagar 1 To 15 Streets is Mixed Type - I. This classification indicates the types of land use permitted in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Viduthalai Nagar 1 To 15 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more information by visiting the provided link to find your SRO.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For instance, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.