Guideline Value for Vadakkupattu Village

Vadakkupattu Village guideline value

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

How the guideline value of Vadakkupattu Village has changed

The guideline value for Vadakkupattu Village has undergone several revisions over the years. The 2017 revision set the rate at Rs 268 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The latest revision in 2024 has kept the rate at Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Vadakkupattu Village's 2024 figure below that median.

• Vadakkupattu Old Colony: Rs 300 per sq.ft (2024)
• Vadakkupattu New Colony: 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 Village

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Vadakkupattu Village?

The Sub Registrar Office that covers Vadakkupattu Village 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 plays a crucial role in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the current market standards.

Frequently asked questions

What is the current guideline value of Vadakkupattu Village?

The current guideline value of Vadakkupattu Village 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, while it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, with Vadakkupattu Village's value being below this median.

What fees are associated with property transactions in Vadakkupattu Village?

When transacting property in Vadakkupattu Village, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Vadakkupattu Village?

The Thirukazhukundram Sub Registrar Office covers Vadakkupattu Village, located at Thiruchengode - 637 211, Chengalpattu registration zone.