Guideline Value for VARAGI AMMAN NAGAR

Varagi Amman Nagar guideline value

The current guideline value of Varagi Amman Nagar is Rs 553 per sq.ft, effective from 1 July 2024. This area is located in Pattabiramapuram village, under the Thiruttani SRO, classified as Residential Class III Type - II.

How the guideline value of Varagi Amman Nagar has changed

The guideline value for Varagi Amman Nagar has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision shows an increase from Rs 370 per sq.ft in 2023 to Rs 553 per sq.ft in 2024, marking a significant rise of 49%.

Prior to the 2023 revision, the guideline value was not recorded for the specified years. The 2024 figure of Rs 553 per sq.ft aligns with the median guideline value for the five streets in Pattabiramapuram under the Thiruttani SRO, which ranges from Rs 170 to Rs 850 per sq.ft.

Guideline values in Pattabiramapuram

In Pattabiramapuram, five streets are listed with a guideline value for 2024, with Varagi Amman Nagar's value matching the median of Rs 553 per sq.ft. The other streets in Pattabiramapuram and their respective guideline values are as follows:

• Ramakrishna Nagar: Rs 170 per sq.ft (2024)
• Ballaji Highway Garden: Rs 850 per sq.ft (2024)
• Sri Valli Nagar Phase II: Rs 550 per sq.ft (2024)
• S S Nagar: Rs 600 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 553 per sq.ft, the total guideline value amounts to Rs 5,53,000. The stamp duty at 7% would be Rs 38,710, and the registration fee at 2% would be Rs 11,060, resulting in a total of Rs 49,770. It is important to note that 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 precise calculations.

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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pattabiramapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transactions are in accordance with government regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Varagi Amman Nagar?

The current guideline value of Varagi Amman Nagar is Rs 553 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 370 per sq.ft in 2023 to Rs 553 per sq.ft in 2024, which is a rise of 49%.

What is the land classification of Varagi Amman Nagar?

Varagi Amman Nagar is classified as Residential Class III Type - II.

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 higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 5,53,000, the stamp duty would be Rs 38,710 at 7%.