Guideline Value for Vadhiyar Thottam (Ward-13)

Vadhiyar Thottam (Ward-13) guideline value

The current guideline value for Vadhiyar Thottam (Ward-13) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vadhiyar Thottam (Ward-13) has changed

The guideline value for Vadhiyar Thottam has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision, marking an 8% rise. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have evolved from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. Unfortunately, there are no figures available for the earlier revisions for this specific street, indicating a lack of recorded values in those years.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft in 2024. The median guideline value in this area is Rs 1,600 per sq.ft, which means that Vadhiyar Thottam's current value is below the median.

• Vadivel Nagar: Rs 1,300 per sq.ft (2024)
• Vadivel Nagar, Ponniammanmedu (Ward-24): Rs 1,300 per sq.ft (2024)
• Vajravel Nagar 1st Cross St (Ward No.24): Rs 2,200 per sq.ft (2024)
• Vajravel Nagar 1st St (Ward-24): Rs 2,200 per sq.ft (2024)
• Vajravel Nagar 2nd Cross St (Ward No.24): Rs 2,200 per sq.ft (2024)
• Vajravel Nagar 2nd St (Ward No.24): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vadhiyar Thottam (Ward-13)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadhiyar Thottam (Ward-13)?

The Sub Registrar Office that covers Vadhiyar Thottam (Ward-13) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for assessing the minimum value of a property, ensuring that the registration fees and stamp duties are calculated appropriately based on this value.

When buying or selling property, the guideline value helps to determine the legal and financial obligations associated with the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vadhiyar Thottam?

The current guideline value for Vadhiyar Thottam (Ward-13) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% rise. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram village is Rs 1,600 per sq.ft. Vadhiyar Thottam's current guideline value is below this median.

What are the stamp duty and registration fees for property in Vadhiyar Thottam?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,17,000 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for Vadhiyar Thottam?

The Madhavaram Sub Registrar Office covers Vadhiyar Thottam (Ward-13) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.