Guideline Value for VETRIVEL AVENUE

Vetrivel Avenue guideline value

The current guideline value of Vetrivel Avenue is Rs 3,433 per sq.ft. This street is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Vetrivel Avenue has changed

In the 2017 revision, the guideline value was set at Rs 2,300 per sq.ft. This marked a significant increase from the previous revision, although the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The most recent revision in 2023 saw the guideline value rise to Rs 3,433 per sq.ft, reflecting a change of +49% from the 2017 figure.

As of now, there is no published guideline value for the year 2024 for Vetrivel Avenue. The changes in the guideline value over the years highlight the adjustments made by the Registration Department, as seen in the guideline value register (TNReginet).

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Vetrivel Avenue is the only street mentioned in the context of the current guideline value. As such, there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vetrivel Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total guideline value would be Rs 34,33,000. The stamp duty at 7% would amount to Rs 2,40,310, while the registration fee at 2% would be Rs 68,660. Together, the total cost for stamp duty and registration would be Rs 3,08,970. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vetrivel Avenue?

The Sub Registrar Office that covers Vetrivel Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ponmar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable duties. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Vetrivel Avenue?

The current guideline value of Vetrivel Avenue is Rs 3,433 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,300 per sq.ft to Rs 3,433 per sq.ft in 2023, which is a change of +49%.

Is there a guideline value for Vetrivel Avenue in 2024?

As of now, there is no published guideline value for Vetrivel Avenue for the year 2024.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties on Vetrivel Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,33,000, the stamp duty would be Rs 2,40,310.