Guideline Value for Vandalur / Otteri 11th Street

Vandalur / Otteri 11th Street guideline value

The current guideline value of Vandalur / Otteri 11th Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Vandalur / Otteri 11th Street has changed

The guideline value for Vandalur / Otteri 11th Street has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 1,500 per sq.ft, which is an increase of 49% from 2017.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The Vandalur / Otteri 11th Street guideline value stands at Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vandalur / Otteri 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, calculated at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vandalur / Otteri 11th Street?

The Vandalur / Otteri 11th Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering a property in Vandalur / Otteri 11th Street. It serves as a benchmark for calculating the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure that they comply with legal requirements during the property transfer process.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. It ensures that the property is not undervalued, which could lead to discrepancies in tax calculations and registration fees.

Frequently asked questions

What is the current guideline value of Vandalur / Otteri 11th Street?

The current guideline value of Vandalur / Otteri 11th Street 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 changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the classification of land for Vandalur / Otteri 11th Street?

The land classification for Vandalur / Otteri 11th Street is Residential Special Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,35,000, which includes Rs 1,05,000 for stamp duty and Rs 30,000 for registration fees.

Which office handles property registrations for Vandalur / Otteri 11th Street?

The Gooduvancheri Sub Registrar Office handles property registrations for Vandalur / Otteri 11th Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.