Guideline Value for Vidudhalai Nagar

Vidudhalai Nagar guideline value

The current guideline value of Vidudhalai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, with a land classification of Mixed Type - I.

How the guideline value of Vidudhalai Nagar has changed

The guideline value for Vidudhalai Nagar has seen significant changes over the years. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 900 per sq.ft in 2007. The subsequent revision in 2012 saw a rise to Rs 3,000 per sq.ft, but this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft. There is no figure available in the register for the year 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Notably, the value increased by 233% from 2007 to 2012 and by 144% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 794%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Vidudhalai Nagar's 2024 figure above that median.

• Viduthalai Nagar 1 To 15 Streets: Rs 3,300 per sq.ft (2024)
• Vinayagapuram 1 To 19 Streets: Rs 1,320 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• 200 Feet Road: Rs 3,300 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vidudhalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Vidudhalai Nagar?

Vidudhalai Nagar falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role during property registration in S. Kullathur. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is not sold for less than the established guideline value. This helps in maintaining transparency and fairness in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can impact the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Vidudhalai Nagar?

The current guideline value of Vidudhalai 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 changed significantly, starting from Rs 369 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with various revisions in between.

What are the other streets in S. Kullathur with their guideline values?

Other streets in S. Kullathur include Viduthalai Nagar 1 To 15 Streets at Rs 3,300 per sq.ft, Vinayagapuram 1 To 19 Streets at Rs 1,320 per sq.ft, and Thiru Nagar Extn at Rs 4,400 per sq.ft, among others.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total costs would be Rs 2,97,000.

Where can I find the Sub Registrar Office for Vidudhalai Nagar?

The Sub Registrar Office covering Vidudhalai Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find your SRO through the provided link.