Guideline Value for Vedachalam Nagar(South)

Vedachalam Nagar(South) guideline value

The current guideline value of Vedachalam Nagar(South) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is part of Sevilimadu - A village under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Vedachalam Nagar(South) has changed

The guideline value for Vedachalam Nagar(South) has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision reflects a further increase to Rs 1,100 per sq.ft, which is a 10% rise 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 there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as Vedachalam Nagar(South)'s current figure.

• Velayudam Nagar: Rs 1,100 per sq.ft (2024)
• Vandavasi Road: Rs 2,200 per sq.ft (2024)
• Vallalar ST: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Visalakshi Nagar: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vedachalam Nagar(South)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedachalam Nagar(South)?

The Sub Registrar Office that covers Vedachalam Nagar(South) is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sevilimadu - A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When a property is bought or sold, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vedachalam Nagar(South)?

The current guideline value of Vedachalam Nagar(South) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in Vedachalam Nagar(South)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Vedachalam Nagar(South)?

The Kanchipuram Joint II Sub Registrar Office covers Vedachalam Nagar(South), located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Vedachalam Nagar(South)?

Vedachalam Nagar(South) is classified as Residential Class I Type - I under the Kanchipuram Joint II SRO.