Guideline Value for Vandaloor-Kelambakkam Road

Vandaloor-Kelambakkam Road guideline value

The current guideline value of Vandaloor-Kelambakkam Road is Rs 1,500 per sq.ft, as per the 2023 revision. This road is located in Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vandaloor-Kelambakkam Road has changed

The guideline value for Vandaloor-Kelambakkam Road has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 360 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 317%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, which is a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 317%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. However, Vandaloor-Kelambakkam Road's guideline value stands at Rs 1,500 per sq.ft. There are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vandaloor-Kelambakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vandaloor-Kelambakkam Road?

The Vandaloor-Kelambakkam Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kolapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented at a fair and legal price.

When a property is sold, the guideline value acts as a benchmark for both the buyer and seller. It ensures that the property is not undervalued during the registration process, thus protecting the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Vandaloor-Kelambakkam Road?

The current guideline value of Vandaloor-Kelambakkam Road is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 360 per sq.ft in 2007, rising to Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, and finally returning to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Vandaloor-Kelambakkam Road?

The Gooduvancheri Sub Registrar Office handles the registration for Vandaloor-Kelambakkam Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Kolapakkam with guideline values?

Currently, there are no other streets in Kolapakkam listed under the Gooduvancheri SRO with guideline values provided.