Guideline Value for VELAN NAGAR

Velan Nagar guideline value

The current guideline value of Velan Nagar, located in Puthupakkam village under the Thiruporur SRO, is Rs 4,180 per sq.ft. The land classification for this area is Mixed Type - I.

How the guideline value of Velan Nagar has changed

The guideline value for Velan Nagar has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 4,180 per sq.ft. There are no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision is the only figure provided, it indicates that there have been no changes in the guideline value per sq.ft for Velan Nagar across the previous revisions. The register has no figure for this street in the earlier years mentioned.

Guideline values in Puthupakkam

Currently, there are no specific village figures provided for Puthupakkam. Velan Nagar is situated within this village, and there are no other streets in Puthupakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Velan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,180 per sq.ft, the total guideline value amounts to Rs 41,80,000. The stamp duty at 7% would be Rs 2,92,600, and the registration fee at 2% would be Rs 83,600, bringing the total to Rs 3,76,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Velan Nagar?

The Sub Registrar Office that covers Velan Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthupakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When a property transaction occurs, the guideline value helps in calculating the necessary fees that must be paid at the time of registration. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Velan Nagar?

The current guideline value of Velan Nagar is Rs 4,180 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Velan Nagar has remained unchanged since the 2023 revision, with no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Velan Nagar?

The land classification for Velan Nagar is Mixed Type - I, which indicates the type of land use permitted in the area.

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

For a property valued at Rs 41,80,000, the stamp duty is Rs 2,92,600, and the registration fee is Rs 83,600, totaling Rs 3,76,200. Duty is charged on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Velan Nagar?

The Thiruporur Sub Registrar Office handles the registration for Velan Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.