Guideline Value for VETRIVEL NAGAR

Vetrivel Nagar guideline value

The current guideline value of Vetrivel Nagar is Rs 2,239 per sq.ft, as per the 2023 revision. This area falls under Mambakkam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Mixed Type - III.

How the guideline value of Vetrivel Nagar has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This figure was revised to Rs 2,239 per sq.ft in 2023, marking an increase of 49%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

Therefore, the only revisions available for Vetrivel Nagar are from 2017 and 2023. The significant increase from the 2017 figure to the 2023 figure reflects the latest update in the guideline value.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Vetrivel Nagar is the only street mentioned in the provided data under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vetrivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total cost for registration to Rs 2,01,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It serves as the minimum value for which the property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value helps determine the applicable stamp duty, which is charged based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed and that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Vetrivel Nagar?

The current guideline value of Vetrivel Nagar is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023, which is a rise of 49%.

Are there any guideline values for Vetrivel Nagar in previous years?

The register has no figures for Vetrivel Nagar for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for a property in Vetrivel Nagar?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 22,39,000. The stamp duty at 7% is Rs 1,56,730, and the registration fee at 2% is Rs 44,780, totaling Rs 2,01,510.

Where is the Sub Registrar Office for Vetrivel Nagar located?

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