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Guideline Value

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Guideline Value for Vedagiri Mudali Street (Vedagiri Street)

₹3900/sq.ft.

The guideline value for Vedagiri Mudali Street (vedagiri Street) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vedagiri Mudali Street (vedagiri Street)

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Vedagiri Mudali Street (Vedagiri Street) guideline value

The current guideline value of Vedagiri Mudali Street (Vedagiri Street) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Vedagiri Mudali Street (Vedagiri Street) has changed

The guideline value for Vedagiri Mudali Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where it was Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the latest 2024 revision raised it further to Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value among these streets is Rs 3,900 per sq.ft, which is the same as the guideline value for Vedagiri Mudali Street.

Stamp duty and registration fee for property in Vedagiri Mudali Street (Vedagiri Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vedagiri Mudali Street (Vedagiri Street)?

The Sub Registrar Office that covers Vedagiri Mudali Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process for property transactions in Adambakkam. It serves as the minimum value on which the stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs associated with the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Vedagiri Mudali Street?

The current guideline value of Vedagiri Mudali Street (Vedagiri Street) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, which is an 11% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What are the other streets in Adambakkam with guideline values?

Other streets in Adambakkam include Velacheri Road, Velalar Main Road, Velalar Street 1st Street, Velalar Street Main, Velalar Street South Side Jeevan Nagar, and Vanuvampettai Road 1st Lane, with values ranging from Rs 3,900 to Rs 5,000 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Vedagiri Mudali Street?

The Alandur Sub Registrar Office covers Vedagiri Mudali Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Vedagiri Mudali Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.