Guideline Value for VEERACHOZHAPURAM

Veerachozhapuram guideline value

The current guideline value of Veerachozhapuram is Rs 500 per sq.ft, effective from 1 July 2024. This village falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Veerachozhapuram has changed

The guideline value for Veerachozhapuram has undergone several revisions over the years. In 2017, the value was set at Rs 335 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where it was revised to Rs 500 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and from 2017 to 2024. The register has no figure for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 500 per sq.ft. This stability follows a substantial increase of 49% from the 2017 revision to the current rate in 2024.

Guideline values in Bunrutti A

In Bunrutti A, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. The guideline value for Veerachozhapuram is notably above this median.

• Un Named Layout Survey No:446/1,7,10: Rs 400 per sq.ft (2024)
• Unnamed Layout S.No:645/2a,2b,2c,2a1: Rs 400 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Veerachozhapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veerachozhapuram?

The Sub Registrar Office that covers Veerachozhapuram is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Bunrutti A. It is used to determine the stamp duty and registration fees that must be paid during the transaction, ensuring that the property is valued appropriately for legal purposes.

When a property is sold, the buyer and seller must consider the guideline value as it directly impacts the costs involved in the registration process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Veerachozhapuram?

The current guideline value of Veerachozhapuram is Rs 500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained stable at Rs 500 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification of Veerachozhapuram?

Veerachozhapuram is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Bunrutti A with their guideline values?

In Bunrutti A, other streets have guideline values ranging from Rs 400 to Rs 1,200 per sq.ft. The median value is Rs 425 per sq.ft, with Veerachozhapuram being above this median.

Where can I find the Sub Registrar Office for Veerachozhapuram?

The Walajabad Sub Registrar Office covers Veerachozhapuram and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.