Guideline Value for VEERABATHIRA NAGAR

Veerabathira Nagar guideline value

The current guideline value of Veerabathira Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Anumandhapuram village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Veerabathira Nagar has changed

The guideline value for Veerabathira Nagar has undergone several revisions over the years. The earliest figure available is from 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. The value then increased to Rs 400 per sq.ft in the 2023 revision, before reaching the current figure of Rs 401 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. However, the value remained unchanged from 2012 to 2024, indicating an overall change of 0% during this period. The transition from 2023 to 2024 saw a minimal change of +0%.

Guideline values in Anumandhapuram

In Anumandhapuram, there are 12 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 402 per sq.ft, making the guideline value of Veerabathira Nagar below this median.

• Viswanatha Puram: Rs 401 per sq.ft (2024)
• V P Swamy Nagar: Rs 200 per sq.ft (2024)
• Shridi Sai Nagar: Rs 402 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• M.M.Nagar: Rs 700 per sq.ft (2024)
• Kanaga Raman Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Veerabathira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, while the registration fee at 2% would be Rs 8,020, bringing the total fees to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veerabathira Nagar?

The Sub Registrar Office that covers Veerabathira Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Anumandhapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a fair transaction price. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Veerabathira Nagar?

The current guideline value of Veerabathira Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What is the land classification of Veerabathira Nagar?

Veerabathira Nagar is classified as Mixed Special Type - I.

What are the other streets in Anumandhapuram with their guideline values?

Other streets in Anumandhapuram include Viswanatha Puram at Rs 401 per sq.ft, V P Swamy Nagar at Rs 200 per sq.ft, Shridi Sai Nagar at Rs 402 per sq.ft, Senthamizh Nagar at Rs 400 per sq.ft, M.M.Nagar at Rs 700 per sq.ft, and Kanaga Raman Avenue at Rs 400 per sq.ft.

How is the stamp duty calculated for property in Veerabathira Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 28,070 based on the guideline value of Rs 4,01,000.