Guideline Value for Vandalur - Walajabad Road

Vandalur - Walajabad Road guideline value

The current guideline value for Vandalur - Walajabad Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Vandalur - Walajabad Road has changed

The guideline value for Vandalur - Walajabad Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, indicating that the guideline value for Vandalur - Walajabad Road is above this median.

• Vedavinayagar Koil Street: Rs 830 per sq.ft (2024)
• Vedhachalam Nagar: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 830 per sq.ft (2024)
• Three Star Nagar: Rs 3,300 per sq.ft (2024)
• Thoppu Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vandalur - Walajabad Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vandalur - Walajabad Road?

The Sub Registrar Office that covers Vandalur - Walajabad Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with the registration requirements. This value helps in calculating the applicable fees, ensuring that both parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value for Vandalur - Walajabad Road?

The current guideline value for Vandalur - Walajabad Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Vandalur - Walajabad Road?

The land classification for Vandalur - Walajabad Road is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Vandalur - Walajabad Road?

The Sub Registrar Office for Vandalur - Walajabad Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Padappai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.