Guideline Value for VEL 'S DOCTRS METRO POLIS

Vel 's Doctrs Metro Polis guideline value

The current guideline value of Vel 's Doctrs Metro Polis is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village, under the Chengleput Joint II SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Vel 's Doctrs Metro Polis has changed

The guideline value for Vel 's Doctrs Metro Polis has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which lowered the value to Rs 1,206 per sq.ft. The value then increased significantly to Rs 1,800 per sq.ft in 2023, before rising again to the current value of Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with a guideline value range from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing Vel 's Doctrs Metro Polis above this median.

• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 660 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Venkateswaran Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Vel 's Doctrs Metro Polis

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Vel 's Doctrs Metro Polis?

The Sub Registrar Office that covers Vel 's Doctrs Metro Polis is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vel 's Doctrs Metro Polis?

The current guideline value of Vel 's Doctrs Metro Polis is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Vel 's Doctrs Metro Polis?

Vel 's Doctrs Metro Polis is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find the Sub Registrar Office for Vel 's Doctrs Metro Polis?

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