Guideline Value for VEERAPTHRA NAGAR (WARD-21)

Veerapthra Nagar (Ward-21) guideline value

The current guideline value of Veerapthra Nagar (Ward-21) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Veerapthra Nagar (Ward-21) has changed

The guideline value for Veerapthra Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and finally rose to Rs 770 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value increased by 49% from the 2017 revision to the 2023 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Veerapthra Nagar.

• Velan Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Vedhathiri Nagar (Val): Rs 880 per sq.ft (2024)
• Vembuliamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Varsha Avenue (Po): Rs 880 per sq.ft (2024)
• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Venkateswara Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapthra Nagar (Ward-21)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 Veerapthra Nagar (Ward-21)?

The Sub Registrar Office that covers Veerapthra Nagar (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is in compliance with legal and financial regulations. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veerapthra Nagar?

The current guideline value of Veerapthra Nagar (Ward-21) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Veerapthra Nagar?

Veerapthra Nagar falls under the land classification of Residential Class I Type - III.

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

Other streets in Konathi include Velan Nagar at Rs 660 per sq.ft, Vedhathiri Nagar at Rs 880 per sq.ft, and Vembuliamman Koil Street at Rs 770 per sq.ft, among others.

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

The Chengleput Joint II Sub Registrar Office covers Veerapthra Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.