Guideline Value for VETRI ENCLAVE PHASE III

Vetri Enclave Phase III guideline value

The current guideline value for Vetri Enclave Phase III is Rs 500 per sq.ft. This property is located in Ikkadu village, under the Tiruvallur Joint 1 SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Vetri Enclave Phase III has changed

The guideline value for Vetri Enclave Phase III has seen two revisions in recent years. The 2023 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024, also at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Between the 2023 and 2024 revisions, there was a change of +0%, indicating stability in the guideline value during this period. The consistent value reflects the current market conditions for this specific location.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Vetri Enclave Phase III is above this median.

• Venkat Ramani Nagar: Rs 400 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• V.K.N. Nagar 1st Street: Rs 400 per sq.ft (2024)
• V.K.N. Nagar 2nd street: Rs 400 per sq.ft (2024)
• V.K.N. Nagar 3rd street: Rs 400 per sq.ft (2024)
• Vasantham Town: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vetri Enclave Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vetri Enclave Phase III?

The Sub Registrar Office that covers Vetri Enclave Phase III is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ikkadu. It determines the base value on which stamp duty and registration fees are calculated, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value serves as the minimum benchmark, and it is essential for buyers and sellers to be aware of these figures to avoid any discrepancies during the transaction. Understanding the guideline value helps in making informed decisions in property dealings.

Frequently asked questions

What is the current guideline value for Vetri Enclave Phase III?

The current guideline value for Vetri Enclave Phase III is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations in Vetri Enclave Phase III?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Vetri Enclave Phase III. The office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Vetri Enclave Phase III?

The land classification for Vetri Enclave Phase III is Residential Class II Type - I, indicating its suitability for residential development.