Guideline Value for Vadakkupattu New Colony

Vadakkupattu New Colony guideline value

The current guideline value of Vadakkupattu New Colony is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village and falls under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Vadakkupattu New Colony has changed

The guideline value for Vadakkupattu New Colony has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there was no change from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, making the current guideline value of Vadakkupattu New Colony below that median.

• Vadakkupattu Old Colony: Rs 300 per sq.ft (2024)
• Vadakkupattu Village: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Thiru.Vi.ka Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Veedhi: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vadakkupattu New Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vadakkupattu New Colony?

The Sub Registrar Office that covers Vadakkupattu New Colony is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirukalukundrem A. It serves as a reference point for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official registry.

When engaging in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Vadakkupattu New Colony?

The current guideline value of Vadakkupattu New Colony is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, and increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the classification of land in Vadakkupattu New Colony?

Vadakkupattu New Colony is classified as Residential Class IV Type - I according to the land classification system.

Where can I find the registration office for Vadakkupattu New Colony?

The registration office for Vadakkupattu New Colony is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vadakkupattu New Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.