Guideline Value for VEERAPATHIRAN NAGAR

Veerapathiran Nagar guideline value

The current guideline value of Veerapathiran Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in 96 Sirunkundram village under the Thiruporur SRO and is classified as Residential Class II Type - I.

How the guideline value of Veerapathiran Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, reflecting a drop of 33%. From 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and it has remained at this figure through the 2024 revision.

The 2024 revision shows a guideline value of Rs 150 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 96 Sirunkundram

In 96 Sirunkundram, there are four streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft. The median for these streets is Rs 200 per sq.ft, placing Veerapathiran Nagar below this median.

• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Sreeram Nagar: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapathiran Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veerapathiran Nagar?

The Sub Registrar Office that covers Veerapathiran Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 96 Sirunkundram

The guideline value is a crucial factor in the property registration process in 96 Sirunkundram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Veerapathiran Nagar?

The current guideline value for Veerapathiran Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 150 in 2012 to Rs 100 in 2017, then back to Rs 150 in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the guideline values of other streets in 96 Sirunkundram?

Other streets in 96 Sirunkundram have a guideline value of Rs 200 per sq.ft for the year 2024. This includes Sri Ganapathi Nagar, Sreeram Nagar, and Ganesh Nagar.

What fees are associated with buying property in Veerapathiran Nagar?

When purchasing property in Veerapathiran Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Veerapathiran Nagar?

The Thiruporur Sub Registrar Office covers Veerapathiran Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.