Guideline Value for Vedagiri Nagar

Vedagiri Nagar guideline value

The current guideline value of Vedagiri Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Vedagiri Nagar has changed

Over the years, the guideline value of Vedagiri Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop from the previous figure. The most recent revision in 2023 restored the value to Rs 1,000 per sq.ft, representing a 49% increase from the 2017 revision.

Overall, from 2007 to 2023, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. The guideline value of Vedagiri Nagar is set at Rs 1,000 per sq.ft. There are no other streets in Ponmar under the Gooduvancheri SRO listed at this time.

Stamp duty and registration fee for property in Vedagiri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which totals Rs 70,000, and the registration fee is 2%, amounting to Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is essential 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 detailed calculations.

Which Sub Registrar Office covers Vedagiri Nagar?

The Sub Registrar Office that covers Vedagiri Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Ponmar. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value set by the government.

During registration, the guideline value will be compared to the sale price, and the higher amount will be used to calculate the stamp duty. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vedagiri Nagar?

The current guideline value of Vedagiri Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Vedagiri Nagar?

The land classification for Vedagiri Nagar is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vedagiri Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.