Guideline Value for Vadukar Colony

Vadukar Colony guideline value

The current guideline value of Vadukar Colony in Ulunthai village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Vadukar Colony has changed

The guideline value for Vadukar Colony has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which lowered the value to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the 2024 figure for Vadukar Colony.

• udaiyar Street: Rs 150 per sq.ft (2024)
• Vayaloor Road: Rs 150 per sq.ft (2024)
• Swathi Nagar Phase I-IV: Rs 350 per sq.ft (2024)
• Swathi Land: Rs 426 per sq.ft (2024)
• Vinayagar Kovil Street: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vadukar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadukar Colony?

Vadukar Colony is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ulunthai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value aids in establishing the official value of the property, which is necessary for legal and taxation purposes. This value is important for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Vadukar Colony?

The current guideline value of Vadukar Colony is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, except for a decrease to Rs 100 per sq.ft in 2017. It increased back to Rs 150 per sq.ft in 2023 and has not changed in the 2024 revision.

Which Sub Registrar Office covers Vadukar Colony?

The Sunguvarchattram Sub Registrar Office covers Vadukar Colony, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Vadukar Colony?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

What is the median guideline value in Ulunthai?

The median guideline value in Ulunthai is Rs 150 per sq.ft, which is the same as the current guideline value for Vadukar Colony.