Guideline Value for VARAGI AMMAN NAGAR

Varagi Amman Nagar guideline value

The current guideline value of Varagi Amman Nagar, located in Karthikeyapuram village under the Thiruttani SRO, is Rs 210 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Varagi Amman Nagar has changed

The guideline value for Varagi Amman Nagar has remained consistent at Rs 210 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision reflects a guideline value of Rs 210 per sq.ft, which is the same as the 2023 revision. There have been no changes in the guideline value for this street over the last two years.

Guideline values in Karthikeyapuram

In Karthikeyapuram, there are six streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 210 to Rs 600 per sq.ft. The median value for these streets is Rs 475 per sq.ft, placing Varagi Amman Nagar's 2024 figure below that median.

• Guru Jeyamal Nagar: Rs 450 per sq.ft (2024)
• Sri Vinayagapuram: Rs 500 per sq.ft (2024)
• Varagi Amman Nagar Phase II(325/2 325/14): Rs 280 per sq.ft (2024)
• Vinayaga Nagar Extension (S.No.290/8, 290/9 And 290/10): Rs 600 per sq.ft (2024)
• ஶ்ரீ ஐஸ்வர்யம் நகர் (187/1 ): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Varagi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value would be Rs 2,10,000. The stamp duty at 7% would amount to Rs 14,700, and the registration fee at 2% would be Rs 4,200. Together, the total charges would be Rs 18,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Varagi Amman Nagar?

The Sub Registrar Office that covers Varagi Amman Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the property registration process in Karthikeyapuram. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When selling property, the guideline value serves as a benchmark to determine the minimum price at which a property can be registered. This ensures that the transaction is transparent and complies with local regulations.

Frequently asked questions

What is the current guideline value of Varagi Amman Nagar?

The current guideline value of Varagi Amman Nagar is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 210 per sq.ft for the revisions in 2023 and 2024. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Varagi Amman Nagar?

The land classification for Varagi Amman Nagar is Residential Special Type - III.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is stamp duty calculated for properties in Varagi Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 210 per sq.ft would incur a total stamp duty of Rs 14,700.