Guideline Value for Vedhadri Maharishi Nagar

Vedhadri Maharishi Nagar guideline value

The current guideline value of Vedhadri Maharishi Nagar is Rs 110 per sq.ft, effective from 1 July 2024. This area falls under Kandapuram village and is classified as Residential Class I Type - III. The relevant Sub Registrar Office for this location is the Ramakrishna Rajupettai SRO.

How the guideline value of Vedhadri Maharishi Nagar has changed

According to the guideline value register, the most recent revision in 2024 set the rate at Rs 110 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 110 per sq.ft. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

Between the 2023 and 2024 revisions, there was no change in the guideline value, remaining at Rs 110 per sq.ft. This consistency indicates stability in the valuation for Vedhadri Maharishi Nagar over the last two years.

Guideline values in Kandapuram

Currently, there are no specific village figures available for Kandapuram. Vedhadri Maharishi Nagar is the only street mentioned under the Ramakrishna Rajupettai SRO.

Stamp duty and registration fee for property in Vedhadri Maharishi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total cost for these fees to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedhadri Maharishi Nagar?

The Sub Registrar Office that covers Vedhadri Maharishi Nagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kandapuram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vedhadri Maharishi Nagar?

The current guideline value of Vedhadri Maharishi Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been two recorded revisions for Vedhadri Maharishi Nagar, with the guideline value remaining at Rs 110 per sq.ft in both 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Vedhadri Maharishi Nagar?

Vedhadri Maharishi Nagar is classified as Residential Class I Type - III. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Vedhadri Maharishi Nagar?

The Sub Registrar Office for Vedhadri Maharishi Nagar is the Ramakrishna Rajupettai SRO, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 9,900.