Guideline Value for VETRIVEL NAGAR

Vetrivel Nagar guideline value

The current guideline value of Vetrivel Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Thangalperumpulam village and falls under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Vetrivel Nagar has changed

The guideline value for Vetrivel Nagar has remained consistent over several revisions. The 2017 revision recorded a guideline value of Rs 100 per sq.ft, which was unchanged in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 100 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, there has been no change in the guideline value.

Guideline values in Thangalperumpulam

In Thangalperumpulam, there are six streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft, with a median value of Rs 150 per sq.ft. Vetrivel Nagar's 2024 figure is below this median.

• Avudai Amman Nagar: Rs 150 per sq.ft (2024)
• Apj Abdul Kalam Nagar: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension-I: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension: Rs 150 per sq.ft (2024)
• Gomathi Amman Nagar Phase-I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vetrivel Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vetrivel Nagar?

The Sub Registrar Office that covers Vetrivel Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thangalperumpulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the charges reflect the official value set by the registration department. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vetrivel Nagar?

The current guideline value of Vetrivel Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vetrivel Nagar has remained Rs 100 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions as well.

What is the land classification for Vetrivel Nagar?

The land classification for Vetrivel Nagar is Residential Class II Type - I, indicating its designation for residential use.

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

For a property valued at the guideline rate of Rs 100 per sq.ft, the total stamp duty and registration fees would amount to Rs 9,000 for a 1,000 sq.ft plot.

Which office handles property registrations for Vetrivel Nagar?

The Ponneri Sub Registrar Office handles property registrations for Vetrivel Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.