Guideline Value for Vandavasi Road

Vandavasi Road guideline value

The current guideline value of Vandavasi Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Sevilimadu - A village, under the Kanchipuram Joint II SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Vandavasi Road has changed

The guideline value for Vandavasi Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision further increased the value to Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for Vandavasi Road for the years 2002, 2003, 2007, and 2012.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Vandavasi Road's 2024 guideline value above the median.

• Vallalar ST: Rs 1,100 per sq.ft (2024)
• Vedachalam Nagar(South): Rs 1,100 per sq.ft (2024)
• Velayudam Nagar: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)
• Visalakshi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vandavasi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Therefore, the total cost for these fees would be Rs 1,98,000. 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 Vandavasi Road?

The Vandavasi Road is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor during the registration of property transactions in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vandavasi Road?

The current guideline value of Vandavasi Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft by 2024, marking a total increase of 64% over the seven years.

What are the stamp duty and registration fees for a property on Vandavasi Road?

For a 1,000 sq.ft plot on Vandavasi Road, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000 for these fees.

Which office handles the registration for Vandavasi Road?

The registration for Vandavasi Road is handled by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the median guideline value in Sevilimadu - A?

The median guideline value in Sevilimadu - A is Rs 1,100 per sq.ft, with Vandavasi Road's value of Rs 2,200 per sq.ft being above this median.