Guideline Value for VETRI NAGAR

Vetri Nagar guideline value

The current guideline value of Vetri Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Aaladu 2 village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Vetri Nagar has changed

In the 2024 revision, the guideline value for Vetri Nagar is Rs 150 per sq.ft. The previous revision in 2023 also listed the guideline value at Rs 150 per sq.ft. There are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at +0%. The consistent figure indicates stability in the valuation for this street over the recent revisions.

Guideline values in Aaladu 2

In Aaladu 2, there are three streets under the Ponneri SRO that carry a 2024 guideline value. The figures range from Rs 100 to Rs 150 per sq.ft, with the median being Rs 150 per sq.ft. Vetri Nagar's 2024 figure aligns with this median.

• Annai Gomathy Amman Nagar: Rs 150 per sq.ft (2024)
• Aadhavan Garden: Rs 100 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vetri Nagar?

The Sub Registrar Office that covers Vetri Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Aaladu 2

The guideline value plays a crucial role during the registration process of property transactions in Aaladu 2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum valuation of the property. This ensures transparency and fairness in the transaction process, as it is used to determine the applicable taxes and fees during registration.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vetri Nagar has remained Rs 150 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Aaladu 2?

In Aaladu 2, the other streets include Annai Gomathy Amman Nagar with a guideline value of Rs 150 per sq.ft and Aadhavan Garden with a guideline value of Rs 100 per sq.ft as of 2024.

What fees are associated with buying property in Vetri Nagar?

When purchasing property in Vetri Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot valued at Rs 1,50,000, the total fees would amount to Rs 13,500.

Where can I find the Sub Registrar Office for Vetri Nagar?

The Sub Registrar Office for Vetri Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.