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 Thailavaram village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

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

From the 2017 to 2023 revision, there was a notable increase of 49%. The transition from 2023 to 2024 reflected a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the current figure for Veerapthra Nagar.

• Velan Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Vedhathiri Nagar (Val): Rs 881 per sq.ft (2024)
• Vembuliamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Varsha Avenue (Po): Rs 881 per sq.ft (2024)
• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Venkateswara Nagar (Val): Rs 881 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 guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veerapthra Nagar (Ward-21)?

The Sub Registrar Office covering 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 Thailavaram

The guideline value is a crucial factor during property transactions in Thailavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veerapthra Nagar (Ward-21)?

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 to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Veerapthra Nagar?

Veerapthra Nagar is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees in Veerapthra Nagar?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where is the Sub Registrar Office for Veerapthra Nagar located?

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