Guideline Value for VETRI NAGAR

Vetri Nagar guideline value

The current guideline value of Vetri Nagar is Rs 1,001 per sq.ft. It is located in Edayanchavadi village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Vetri Nagar has changed

The guideline value of Vetri Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,001 per sq.ft, up from Rs 1,000 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 199%, and overall, from 2017 to 2024, it also rose by 199%. The change from 2023 to 2024 was 0%, indicating stability at the current rate.

Guideline values in Edayanchavadi

In Edayanchavadi, 23 streets under the Thiruvottiyur SRO have a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median of Rs 1,001 per sq.ft. The guideline value of Vetri Nagar aligns with this median.

• Unnamalai Nagar: Rs 1,001 per sq.ft (2024)
• Tulasi Nagar: Rs 1,001 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,001 per sq.ft (2024)
• Swami Sadananda Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 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 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. 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 Nagar?

The Sub Registrar Office that covers Vetri Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Edayanchavadi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 1,001 per sq.ft in 2024, reflecting a 199% increase over this period.

What is the stamp duty rate for properties in Vetri Nagar?

The stamp duty rate for properties in Vetri Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Edayanchavadi with the same guideline value?

Other streets in Edayanchavadi with a guideline value of Rs 1,001 per sq.ft include Unnamalai Nagar, Tulasi Nagar, Thirumurugan Nagar, Swami Sadananda Nagar, Sri Ponniyamman Nagar, and Sangeetha Nagar.