Guideline Value for Velayudam Nagar

Velayudam Nagar guideline value

The current guideline value of Velayudam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is part of Sevilimadu - A under the Kanchipuram Joint II SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Velayudam Nagar has changed

The guideline value of Velayudam Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is an increase from the 2023 revision of Rs 1,000 per sq.ft, reflecting a change of 10%. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 is an increase of 64%.

It is important to note that the register has no figure for Velayudam Nagar for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available are from 2017, 2023, and the current 2024 figure.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. Velayudam Nagar's 2024 guideline value aligns with this median.

• Vedachalam Nagar(South): 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 Velayudam Nagar

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, leading to a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velayudam Nagar?

Velayudam Nagar falls under the jurisdiction of 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 when buying or selling property in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Velayudam Nagar?

The current guideline value of Velayudam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much 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, representing a total increase of 64% over the seven years.

Which Sub Registrar Office covers Velayudam Nagar?

Velayudam Nagar is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated in Velayudam Nagar?

Stamp duty in Velayudam Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What are the guideline values of other streets in Sevilimadu - A?

Other streets in Sevilimadu - A have varying guideline values, with rates ranging from Rs 800 to Rs 2,200 per sq.ft. Notably, streets like Vedachalam Nagar(South), Vallalar ST, Vijayalakshmi Nagar, and Visalakshi Nagar all share the same guideline value of Rs 1,100 per sq.ft in 2024.