Guideline Value for Vanaja Nagar Kuttai Medu

Vanaja Nagar Kuttai Medu guideline value

The current guideline value for Vanaja Nagar Kuttai Medu is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Vanaja Nagar Kuttai Medu has changed

The guideline value for Vanaja Nagar Kuttai Medu has seen several revisions over the years. In 2017, the guideline value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Vanaja Nagar Kuttai Medu is below this median.

• Vanaja Nagar: Rs 1,650 per sq.ft (2024)
• Vanjinathan Street: Rs 1,100 per sq.ft (2024)
• Vajiravelu Street: Rs 1,100 per sq.ft (2024)
• Vasu Street: Rs 1,100 per sq.ft (2024)
• Vedachalam Street: Rs 1,100 per sq.ft (2024)
• Vachinathan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vanaja Nagar Kuttai Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Vanaja Nagar Kuttai Medu?

The Sub Registrar Office that covers Vanaja Nagar Kuttai Medu is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It is the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Vanaja Nagar Kuttai Medu?

The current guideline value for Vanaja Nagar Kuttai Medu is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Vanaja Nagar Kuttai Medu?

Vanaja Nagar Kuttai Medu is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated in Vanaja Nagar Kuttai Medu?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.