Guideline Value for VARADHA RAJA PURAM

Varadha Raja Puram guideline value

The current guideline value of Varadha Raja Puram is Rs 700 per sq.ft as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Varadha Raja Puram has changed

The guideline value for Varadha Raja Puram has undergone several revisions over the years. In 2012, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft, marking a decline of 33%. The latest revision in 2023 saw a significant increase to Rs 700 per sq.ft, reflecting a rise of 49% from the previous figure.

Overall, when comparing the values from 2012 to 2023, there has been no net change, as the guideline value remains at Rs 700 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in 192/87veppampattu

Currently, there are no specific village figures available for 192/87veppampattu. This street is part of the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Varadha Raja Puram

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Varadha Raja Puram?

The Sub Registrar Office that covers Varadha Raja Puram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 192/87veppampattu

The guideline value is a crucial aspect when buying or selling property in Varadha Raja Puram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is documented accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Varadha Raja Puram?

The current guideline value of Varadha Raja Puram is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023. This reflects a decline of 33% from 2012 to 2017 and a subsequent increase of 49% from 2017 to 2023.

What is the registration office for Varadha Raja Puram?

The registration office for Varadha Raja Puram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What fees are associated with purchasing property in Varadha Raja Puram?

When purchasing property in Varadha Raja Puram, buyers are required to pay stamp duty and registration fees based on the guideline value. For example, on a 1,000 sq.ft plot valued at Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Are there any other streets in 192/87veppampattu?

Currently, there are no other streets listed in 192/87veppampattu under the Tiruvallur Joint 1 SRO.