Guideline Value for VEERA RAGHUAVAR NAGAR

Veera Raghuavar Nagar guideline value

The current guideline value of Veera Raghuavar Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024. This area is located in Perumpakkam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Veera Raghuavar Nagar has changed

The guideline value for Veera Raghuavar Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 1,099 per sq.ft, marking an increase of 10% from the previous year. Overall, from 2017 to 2024, there has been a 64% increase in the guideline value.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions show a 49% increase from 2017 to 2023, indicating a substantial rise in the guideline value over the years.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 680 to Rs 1,650 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, and Veera Raghuavar Nagar's current value is above this median.

• T.N.R. Nagar: Rs 680 per sq.ft (2024)
• Srivari Nagar: Rs 1,650 per sq.ft (2024)
• Srivari Avenue: Rs 680 per sq.ft (2024)
• Sri Karparga Vinayagar Nagar: Rs 680 per sq.ft (2024)
• Saraswathi Nagar: Rs 770 per sq.ft (2024)
• Sambandham Garden: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Veera Raghuavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total cost together to Rs 98,910. Please 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 details.

Which Sub Registrar Office covers Veera Raghuavar Nagar?

The Sub Registrar Office that covers Veera Raghuavar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perumpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. It is essential to verify the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veera Raghuavar Nagar?

The current guideline value of Veera Raghuavar Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,099 per sq.ft in 2024, reflecting a 64% increase over the seven-year period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930, and the registration fee would be Rs 21,980, totaling Rs 98,910. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Veera Raghuavar Nagar?

The Sub Registrar Office for Veera Raghuavar Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Perumpakkam?

The median guideline value for streets in Perumpakkam is Rs 770 per sq.ft, and Veera Raghuavar Nagar's current value is above this median.