Guideline Value

Corporate

Guideline Value for Vaideki Nagar

₹220/sq.ft.

The guideline value for Vaideki Nagar in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹10 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vaideki Nagar

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Vaideki Nagar guideline value

The current guideline value of Vaideki Nagar, located in Perungavur village under the Redhills SRO, is Rs 220 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vaideki Nagar has changed

Over the years, the guideline value of Vaideki Nagar has seen several revisions. Starting from Rs 10 per sq.ft in 2003, the value increased significantly to Rs 100 per sq.ft in 2007. The 2012 revision saw a rise to Rs 200 per sq.ft, but it dropped to Rs 134 per sq.ft in 2017. The value then increased to Rs 200 per sq.ft in 2023 and is now Rs 220 per sq.ft as of the 2024 revision.

Notably, the changes between the revisions indicate a +900% increase from 2003 to 2007, a +100% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by +2100%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Vaideki Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Vaideki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total charges to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaideki Nagar?

Vaideki Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is considered to assess the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vaideki Nagar?

The current guideline value of Vaideki Nagar is Rs 220 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 10 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, showing an overall increase of +2100% over the years.

What are the other streets in Perungavur with their guideline values?

Other streets in Perungavur include T.S. Ranga Rajan Nagar and Vasugi Nagar at Rs 275 per sq.ft, and Vekkali Amman Nagar, Velan Nagar, Velan Nagar Annex, and Velan Nagar Annex I at Rs 220 per sq.ft as per the 2024 revision.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated in Vaideki Nagar?

Stamp duty in Vaideki Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.