Guideline Value for VETRIVEL NAGAR

Vetrivel Nagar guideline value

The current guideline value of Vetrivel Nagar, located in Kuthanoor village under the Gooduvancheri SRO, is Rs 1,493 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Vetrivel Nagar has changed

The guideline value for Vetrivel Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 1,000 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 1,493 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 1,493 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kuthanoor

In Kuthanoor village, there are 30 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 800 per sq.ft. Vetrivel Nagar's 2024 guideline value is above this median.

• Swetha Nagar: Rs 705 per sq.ft (2024)
• Subramanyam Nagar: Rs 705 per sq.ft (2024)
• Sri Karumari Amman Nagar: Rs 1,800 per sq.ft (2024)
• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Senthil Nagar Extn: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Vetrivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total cost for these fees to Rs 1,34,370. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vetrivel Nagar?

The Sub Registrar Office that covers Vetrivel Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kuthanoor. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legally transferring property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vetrivel Nagar?

The current guideline value of Vetrivel Nagar is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,493 per sq.ft since 2023, with a 49% increase from Rs 1,000 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Kuthanoor?

Other streets in Kuthanoor have varying guideline values, with rates ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 800 per sq.ft.

What are the fees involved in property registration?

When registering a property, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Vetrivel Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.