Guideline Value for VEERASAMY NAGAR

Veerasamy Nagar guideline value

The current guideline value of Veerasamy Nagar is Rs 120 per sq.ft, effective from the 2024 revision. This area is located in Karunakaravilagam village, under the Madurandakam SRO, classified as Residential Special Type - I.

How the guideline value of Veerasamy Nagar has changed

Over the years, the guideline value of Veerasamy Nagar has seen several revisions. The 2012 revision set the value at Rs 120 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 80 per sq.ft, before returning to Rs 120 per sq.ft in the 2023 revision. There is no figure available for the years 2002, 2003, and 2007 in the register for this street.

As of the 2024 revision, the guideline value remains at Rs 120 per sq.ft, showing no change from the previous year (2023). The overall change from the 2012 revision to the 2024 revision is also 0%, indicating stability in the guideline value during this period.

Guideline values in Karunakaravilagam

Within Karunakaravilagam village, there are four streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft. The median value for these streets is Rs 120 per sq.ft, placing Veerasamy Nagar's 2024 figure in line with this median.

• Vpr Housing Plots: Rs 120 per sq.ft (2024)
• R.K.Nagar: Rs 120 per sq.ft (2024)
• மணிமேகலை நகர்: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Veerasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees together to Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veerasamy Nagar?

The Sub Registrar Office that covers Veerasamy Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Karunakaravilagam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value is set by the government and can influence the overall cost of property transactions. This value serves as a benchmark for assessing the value of the property being registered.

Frequently asked questions

What is the current guideline value of Veerasamy Nagar?

The current guideline value of Veerasamy Nagar is Rs 120 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 120 per sq.ft in the 2023 and 2024 revisions, while it was Rs 80 per sq.ft in 2017 and Rs 120 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Veerasamy Nagar?

Veerasamy Nagar is classified as Residential Special Type - I under the Madurandakam SRO.

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

The Madurandakam Sub Registrar Office covers Veerasamy Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Veerasamy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000, resulting in a stamp duty of Rs 8,400.