Guideline Value for Vandalur Otteri 1 to 10th Cross Street

Vandalur Otteri 1 to 10th Cross Street guideline value

The current guideline value of Vandalur Otteri 1 to 10th Cross Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vandalur Otteri 1 to 10th Cross Street has changed

The guideline value for Vandalur Otteri 1 to 10th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, reflecting a 49% increase from 2017.

There are no figures available for the revisions in 2002, 2003, and 2024 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 guideline value for Vandalur Otteri 1 to 10th Cross Street is Rs 1,500 per sq.ft. There are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vandalur Otteri 1 to 10th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, bringing the total to Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vandalur Otteri 1 to 10th Cross Street?

The Vandalur Otteri 1 to 10th Cross Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vandalur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it directly influences the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for Vandalur Otteri 1 to 10th Cross Street?

The current guideline value for Vandalur Otteri 1 to 10th Cross 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 registration office for Vandalur Otteri 1 to 10th Cross Street?

The registration office covering Vandalur Otteri 1 to 10th Cross Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vandalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000.

Are there any other streets in Vandalur with guideline values?

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