Guideline Value for vadavandai vada veedi

Vadavandai Vada Veedi guideline value

The current guideline value of Vadavandai Vada Veedi is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Vadavandai Vada Veedi has changed

The guideline value for Vadavandai Vada Veedi has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 150 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, but then dropped to Rs 335 per sq.ft in 2017. Following this, the value rose sharply to Rs 500 per sq.ft in 2023 and further increased to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, while from 2007 to 2012, it increased by 233%. The overall change from 2007 to 2024 reflects a substantial increase of 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pungathur

In Pungathur, there are 32 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 1,485 per sq.ft, placing Vadavandai Vada Veedi's 2024 figure below that median.

• Vasumathi Nagar: Rs 2,000 per sq.ft (2024)
• Thendadaivada veedhi: Rs 770 per sq.ft (2024)
• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• 1st Crossroad: Rs 1,099 per sq.ft (2024)
• 2nd Cross Street: Rs 550 per sq.ft (2024)
• 3rd cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vadavandai Vada Veedi

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadavandai Vada Veedi?

The Sub Registrar Office that covers Vadavandai Vada Veedi is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pungathur. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. It is essential for both parties to understand this value as it can influence the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Vadavandai Vada Veedi?

The current guideline value of Vadavandai Vada Veedi is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Vadavandai Vada Veedi?

Vadavandai Vada Veedi is classified as Residential Class II Type - III under the current guidelines.

Where can I find the Sub Registrar Office for Vadavandai Vada Veedi?

The Sub Registrar Office for Vadavandai Vada Veedi is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Vadavandai Vada Veedi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.