Real Estate Properties in Vellore

Vellore is a city and the administrative headquarters of the Vellore district in the South Indian state of Tamil Nadu. The city of Vellore is a center for several different sectors of economy, most notably tanneries and service sector industries.

Vellore is a place of great historical importance. The recorded history of Vellore dates back to the ninth century. It is an educational hub and has been thriving on medical tourism due to the presence of the renowned Christian Medical College and Hospital. However, Vellore is not just known for being an educational hub. The other major industries flourishing in the city are leather, agricultural trading, textile and handloom industries.

Geographically, Vellore lies in the Eastern Ghats region and the Palar River basin. It is located between the metropolitan cities of Chennai and Bengaluru. The ever-growing industrial sector in Vellore attracts a lot of people from across the state and country. Hence, there is a stable demand for housing and land in Vellore.

Stats And Facts

• The population of Vellore, as per the provisional reports of the 2011 census, is 1,85,895. The urban/metropolitan population, on the other hand, is 4,81,966
• As per the census 2011 reports, Vellore Urban has an extraordinary sex ratio of 1010 per 1000 males. The child sex ratio 968 per 1000 boys is also remarkable, especially in comparison with most other cities in the country
• The same reports indicate an average literacy rate at 87.29%
• The city of Vellore is also known as the Fort City of Tamil Nadu and is home to the 16th-century fort called the Vellore Fort
• Tamil Nadu Explosives Limited (TEL) located at Katpadi, Vellore, is Asia's biggest explosives manufacturing company
• India’s first stem-cell research center was established in Vellore in December, 2005
• Coimbatore, the second-largest city in Tamil Nadu was actually inside Vellore City, but was made independent after the increase in population
• The Vellore Central Prison set up in 1830 is a historically important landmark. It is the largest prison in the district and the second largest in Tamil Nadu

Industries in Vellore

• The district is one of the most vibrant districts with respect to leather development in the state. It has a dominant presence of leather-based industries
• Vellore District accounts for more than 37% of India’s export of leather and leather-related products such as shoes, gloves, garments and so on
• The place is also flourishing by industries engaged in food processing, chemicals, synthetic fibers, steel castings and auto bearing manufacturing
• There are 12 large-scale and 300 medium-scale industries operating in Vellore District
• District Industries Centre provides assistance to the potential entrepreneurs for starting micro, small and medium enterprises
• Some of the prominent industries in Vellore are Tamil Nadu Industrial Explosives Ltd., Malladi Drugs and Pharmaceuticals Ltd., Bharat Heavy Electricals Ltd. and others
• Institutes like Vellore Institute of Technology and Thanthai Periyar Government Institute of Technology have ensured the growth of software services in this region

Connectivity

• The nearest domestic airport to Vellore is Tirupati Airport and the nearest international airport is the Chennai International Airport
• Two National Highways pass through the city, NH-46, which is the Bangalore-Chennai road and NH-4 from Ranipet to Chennai. SH-9 also passes through Vellore. Through these highways, Vellore is connected across India
• Vellore can be easily reached by rail as well. Broad gauge trains connect the city to anywhere in Tamil Nadu and India. The important railway junctions in the city are Katpadi Junction, Vellore Cantonment and Vellore Town

Vellore Civic Administration

• Administration in Vellore is managed by City Municipal Corporation
• The city has 4 administrative zones, with each zone featuring 15 wards. The zones are North, South, East and West
• Elected representative, councilor represents the ward. Councilors from each zone elect the Deputy Mayor
• The Mayor is directly elected by the city’s voters
• The corporation is responsible for the provision and upkeep of basic services like roads, water and sewage
• A Corporation Commissioner heads the executive wing of the corporation
• There are 9 major Police stations in the city, with a Commissioner heading the Police force

Vellore Infrastructure

Vellore has excellent transport infrastructure, especially the presence of a large industrial base. The economy being primarily industrial in nature, the real estate infrastructure has also remained quite strong and resilient.

Education and healthcare services in Vellore are also quite remarkable. The district especially is an education hub, with a whole array of schools, colleges and universities located here. The same can be said about the massive network of hospitals in this region. The city is also a major center for medical tourism.

Infrastructure Projects

Vellore Real Estate Market

• The Vellore real estate market has proven to be stable and resilient in the recent past
• Vellore property prices remained stable in the year 2012
• Thanks to the excellent infrastructure and the medical and educational facilities, the real estate market in Vellore always attracts demand, especially from students across the country, retirees and IT employees

Key Localities in Vellore

Charges by Different Government Bodies

Property Registration

Stamp Duty: 7% on the market value of the property

Registration Fee: 1% of the property

Tamil Nadu Electricity Board Ltd. (TNEB)

The Tamil Nadu Electricity Board Ltd. is responsible for power generation, distribution, and transmission in the state of Tamil Nadu, including in Vellore.

Electricity Tariff

Industry: Rs. 5.50/unit

Tamil Nadu Water Supply and Drainage Board

The Tamil Nadu Water Supply and Drainage Board is responsible for providing water supply and sewerage facilities to the state of Tamil Nadu (except the Chennai Metropolitan Area).

Water Tariff

• For Rural Local Bodies: Rs. 3.00/kL
• For Urban Local Bodies: Rs. 4.50/kL
• For Industries/Commercial Organizations who have paid proportionate cost of CWSS: Rs. 15.00/kL

For Industries/Commercial Organizations who have not paid proportionate cost of CWSS:

• Industries/Commercial Organizations: Rs. 60.00/kL
• Hospitals: Rs. 50.00/kL
• Educational Institutions: Rs. 30.00/kL
• Orphanages: Rs. 10.00/kL