Guideline Value for Vandikaran Road/Salai

Vandikaran Road/Salai guideline value

The current guideline value of Vandikaran Road/Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vandikaran Road/Salai has changed

The guideline value for Vandikaran Road/Salai has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Between 2012 and 2017, there was a decrease of 33%, while the period from 2017 to 2023 saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Vandikaran Road/Salai.

• Vandikaran Salai/Road: Rs 4,400 per sq.ft (2024)
• Vandikaran Street, 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Vandikaran Street/Cart Track Road: Rs 4,400 per sq.ft (2024)
• Vanjinathan Street: Rs 4,400 per sq.ft (2024)
• Vanjinathan Street/Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Varadharajapuram Officers Colony: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vandikaran Road/Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vandikaran Road/Salai?

The Sub Registrar Office that covers Vandikaran Road/Salai is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Velachery. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property worth.

Frequently asked questions

What is the current guideline value of Vandikaran Road/Salai?

The current guideline value of Vandikaran Road/Salai is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Vandikaran Road/Salai?

Vandikaran Road/Salai is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Vandikaran Road/Salai located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.