Guideline Value for Vandalur Otteri Extn / 2nd Main Road

Vandalur Otteri Extn / 2nd Main Road guideline value

The current guideline value for Vandalur Otteri Extn / 2nd Main Road is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Vandalur Otteri Extn / 2nd Main Road has changed

Over the years, the guideline value for Vandalur Otteri Extn / 2nd Main Road has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 173% increase. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft, a drop of 33%. The most recent 2023 revision restored the value to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

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

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. The guideline value for Vandalur Otteri Extn / 2nd Main Road is Rs 1,500 per sq.ft. Other streets in Vandalur include:

Stamp duty and registration fee for property in Vandalur Otteri Extn / 2nd Main Road

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vandalur Otteri Extn / 2nd Main Road?

The Vandalur Otteri Extn / 2nd Main Road 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 is a crucial factor when registering property transactions in Vandalur. It serves as a benchmark for the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these charges are calculated based on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Vandalur Otteri Extn / 2nd Main Road?

The current guideline value for Vandalur Otteri Extn / 2nd Main 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 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 land classification for Vandalur Otteri Extn / 2nd Main Road?

The land classification for Vandalur Otteri Extn / 2nd Main Road is Residential Special Type - I.

What are the stamp duty and registration fees for property in Vandalur Otteri Extn / 2nd Main Road?

The stamp duty is 7% of the guideline value or sale price, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,35,000.

Which office handles registrations for Vandalur Otteri Extn / 2nd Main Road?

The Gooduvancheri Sub Registrar Office handles registrations for Vandalur Otteri Extn / 2nd Main Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.