Guideline Value for VEERARAGHAVAN NAGAR

Veeraraghavan Nagar guideline value

The current guideline value of Veeraraghavan Nagar is Rs 1,500 per sq.ft. This street is located in Kannampalayam village, under the Kunrathur SRO, and is classified as Residential Special Type - V.

How the guideline value of Veeraraghavan Nagar has changed

The guideline value for Veeraraghavan Nagar has remained at Rs 1,500 per sq.ft since the 2017 revision. In the 2023 revision, the guideline value was again set at Rs 1,500 per sq.ft, reflecting no change from the previous revision.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with figures are from 2017 and 2023, both standing at Rs 1,500 per sq.ft.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median value among these streets is Rs 1,375 per sq.ft. Veeraraghavan Nagar's current guideline value of Rs 1,500 per sq.ft places it above the median.

• Vallalar Nagar: Rs 880 per sq.ft (2024)
• Unnamalai Amman Nagar: Rs 765 per sq.ft (2024)
• V.G.N. Nagar: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar Extension: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar Extension II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Veeraraghavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veeraraghavan Nagar?

The Sub Registrar Office that covers Veeraraghavan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a fair value, which is essential for legal and tax purposes. This value is used to calculate the necessary fees and taxes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Veeraraghavan Nagar?

The current guideline value of Veeraraghavan Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Veeraraghavan Nagar has remained unchanged at Rs 1,500 per sq.ft from the 2017 revision to the 2023 revision.

What is the land classification of Veeraraghavan Nagar?

Veeraraghavan Nagar is classified as Residential Special Type - V, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in Veeraraghavan Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Veeraraghavan Nagar?

The Kunrathur Sub Registrar Office handles registrations for Veeraraghavan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.