Guideline Value for VETRI ROALS IN NANDAS MIDAS CITY

Vetri Roals In Nandas Midas City guideline value

The current guideline value of Vetri Roals In Nandas Midas City is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Vetri Roals In Nandas Midas City has changed

The guideline value for Vetri Roals In Nandas Midas City has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased by 49% back to Rs 300 per sq.ft, and it has remained the same through the 2023 and 2024 revisions, showing a 0% change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Athur A Block

Athur A Block has 44 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,525 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Vetri Roals In Nandas Midas City is below this median.

• Vittas Poongavanam Avenue: Rs 600 per sq.ft (2024)
• Thilagar Nagar: Rs 600 per sq.ft (2024)
• Thilagam Nagar: Rs 600 per sq.ft (2024)
• Stephy Garden: Rs 600 per sq.ft (2024)
• Sri Vijaya Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vetri Roals In Nandas Midas City

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is 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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vetri Roals In Nandas Midas City?

The Sub Registrar Office covering Vetri Roals In Nandas Midas City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur A Block. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately and legally.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of these values to estimate the total expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Vetri Roals In Nandas Midas City?

The current guideline value of Vetri Roals In Nandas Midas City is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 300 per sq.ft, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023. There was no change from 2023 to 2024.

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

For a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000.

Which office handles property registrations in this area?

The Chengleput Joint II Sub Registrar Office handles property registrations for Vetri Roals In Nandas Midas City, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the stamp duty and registration fees during property transactions.