Guideline Value for VETRI NAGAR

Vetri Nagar guideline value

The current guideline value of Vetri Nagar, located in Uthukkadu - A village, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Vetri Nagar has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This value remained unchanged at Rs 300 per sq.ft in the 2023 revision and continued to be Rs 300 per sq.ft in the 2024 revision, reflecting a 49% increase from 2017 to 2023. The overall change from 2017 to 2024 is also +49%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Vetri Nagar's 2024 figure below this median.

• Victory Avenue: Rs 400 per sq.ft (2024)
• Vijaya Garden Cottage: Rs 400 per sq.ft (2024)
• Vasantha Nagar: Rs 350 per sq.ft (2024)
• Vaisnavi Avenue Phase -I: Rs 350 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vetri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vetri Nagar?

The Sub Registrar Office that covers Vetri Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor during the registration of property transactions in Uthukkadu - A. It serves as the basis for calculating the stamp duty and registration fees that must be paid at the time of property transfer.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Vetri Nagar?

Vetri Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

How does the guideline value compare to other streets in Uthukkadu - A?

Vetri Nagar's 2024 guideline value of Rs 300 per sq.ft is below the median value of Rs 350 per sq.ft for other streets in Uthukkadu - A, which range from Rs 200 to Rs 800 per sq.ft.

Where can I find the registration office for Vetri Nagar?

The registration office for Vetri Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.