Guideline Value for VELAN NAGAR EXTENSION

Velan Nagar Extension guideline value

The current guideline value of Velan Nagar Extension is Rs 301 per sq.ft, effective from 1 July 2024. This property is located in Agoor village under the Thiruttani SRO and is classified as Residential Class V Type - I.

How the guideline value of Velan Nagar Extension has changed

The guideline value for Velan Nagar Extension has remained consistent at Rs 301 per sq.ft in the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

As per the revisions available, there has been no change in the guideline value from 2023 to 2024, indicating a stable valuation for this property. The absence of figures in earlier revisions suggests that the guideline value was not established for this street during those years.

Guideline values in Agoor

In addition to Velan Nagar Extension, the following are the guideline values for other streets in Agoor:

• L&t Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Velan Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty at 7% would amount to Rs 21,070, and the registration fee at 2% would be Rs 6,020, making the total fees together Rs 27,090. 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 Velan Nagar Extension?

The Velan Nagar Extension falls under the jurisdiction of the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Agoor. It serves as the basis for calculating the stamp duty and registration fees that are payable at the time of property transfer.

When buying or selling property, the guideline value is compared against the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Velan Nagar Extension?

The current guideline value of Velan Nagar Extension is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 301 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Velan Nagar Extension?

For a 1,000 sq.ft plot at the guideline value of Rs 301 per sq.ft, the total guideline value is Rs 3,01,000. The stamp duty would be Rs 21,070 and the registration fee would be Rs 6,020, totaling Rs 27,090.

Which office handles registrations for Velan Nagar Extension?

The Thiruttani Sub Registrar Office handles registrations for Velan Nagar Extension. The office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department's guideline value register and is used to calculate the stamp duty and registration fees during property transactions. It is based on the property's classification and location.