Guideline Value for vaidthee nagar

Vaidthee Nagar guideline value

The current guideline value of Vaidthee Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village and falls under the Poonamallee SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Vaidthee Nagar has changed

The guideline value for Vaidthee Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, this value decreased to Rs 1,340 per sq.ft in 2017, a reduction of 33%. The next revision in 2023 saw the value rise to Rs 2,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Vaidthee Nagar. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Vaidthee Nagar.

• Vaidthee avenue: Rs 2,200 per sq.ft (2024)
• Vaitheeswaran koil street: Rs 2,740 per sq.ft (2024)
• Vaithiswaran Nagar: Rs 2,200 per sq.ft (2024)
• Vaaniyaar street (west): Rs 2,200 per sq.ft (2024)
• Uppukolliastreet: Rs 4,950 per sq.ft (2024)
• Uppu kollai street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Vaidthee Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 information.

Which Sub Registrar Office covers Vaidthee Nagar?

The Sub Registrar Office that covers Vaidthee Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Poonthamallee. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When you buy or sell a property, the guideline value is assessed to ensure that the correct fees are calculated based on the official rates set by the government. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Vaidthee Nagar?

The current guideline value of Vaidthee Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 633% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Vaidthee Nagar?

The Poonamallee Sub Registrar Office covers Vaidthee Nagar, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Vaidthee Nagar?

The land classification for Vaidthee Nagar is Residential Class II Type - I.