Guideline Value

Corporate

Guideline Value for Vedha Nagar

₹3300/sq.ft.

The guideline value for Vedha Nagar in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹317 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹285 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Vedha Nagar

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Vedha Nagar guideline value

The current guideline value of Vedha Nagar, located in Chenchery village under the Virugambakkam SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Vedha Nagar has changed

The guideline value for Vedha Nagar has seen significant changes over the years. Starting with the 2002 revision, the guideline value was Rs 285 per sq.ft. This increased to Rs 317 per sq.ft in 2003, marking an 11% rise. The value further increased by 26% to Rs 400 per sq.ft in 2007. The 2012 revision saw a jump to Rs 3,000 per sq.ft, which was a substantial 650% increase from the previous value. However, this was followed by a decrease of 33% to Rs 2,010 per sq.ft in 2017.

In the subsequent revisions, the guideline value rose to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Vedha Nagar is below this median.

Stamp duty and registration fee for property in Vedha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedha Nagar?

Vedha Nagar falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buyers and sellers engage in property transactions, the guideline value is referenced to calculate the applicable fees. If the sale price of the property exceeds the guideline value, the stamp duty and registration fees will be based on the sale price instead.

Frequently asked questions

What is the current guideline value of Vedha Nagar?

The current guideline value of Vedha Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 285 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1058% over the years.

What is the land classification of Vedha Nagar?

Vedha Nagar is classified as Residential Class II Type - II, which indicates its designation for residential use.

What are the stamp duty and registration fees for property in Vedha Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Vedha Nagar?

The Virugambakkam Sub Registrar Office handles registrations for Vedha Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.