Guideline Value for Vadanallur

Vadanallur guideline value

The current guideline value of Vadanallur is Rs 300 per sq.ft, effective from 1 July 2024. This village is part of Malliyankaranai under the Uthiramerur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Vadanallur has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it dropped to Rs 201 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back to Rs 300 per sq.ft, and this figure remained the same in the 2024 revision, indicating no change from the previous year.

From 2012 to 2024, the overall change in the guideline value is 0%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value of Vadanallur is below this median.

• Sulaiman Nagar: Rs 401 per sq.ft (2024)
• V.R.C Garden: Rs 250 per sq.ft (2024)
• Sri Sakthi Vinayaga Nagar: Rs 401 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar Extension: Rs 603 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Vadanallur

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. 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 more details.

Which Sub Registrar Office covers Vadanallur?

The Vadanallur area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malliyankaranai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration process is fair and transparent, reflecting the value of the property accurately.

Frequently asked questions

What is the current guideline value of Vadanallur?

The current guideline value of Vadanallur is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing no change from 2023 to 2024. The value increased by 49% from 2017 to 2023, and overall, it has remained the same from 2012 to 2024.

What is the land classification for Vadanallur?

The land classification for Vadanallur is Residential Special Type - I. This classification affects the guideline value and property usage in the area.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vadanallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total fees would be Rs 27,000.