Guideline Value for VETTRI NAGAR PASE-1

Vettri Nagar Pase-1 guideline value

The current guideline value of Vettri Nagar Pase-1 is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Thammanur village under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Vettri Nagar Pase-1 has changed

The guideline value for Vettri Nagar Pase-1 has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and it has remained consistent through the 2023 revision to the current value in 2024.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 448 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Vettri Nagar Pase-1 is below this median.

• Walajabad Co -Operative Nagar: Rs 300 per sq.ft (2024)
• Yogalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sri Sathya Nagar: Rs 300 per sq.ft (2024)
• Sri Sai City: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Solar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vettri Nagar Pase-1

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vettri Nagar Pase-1?

The Sub Registrar Office that covers Vettri Nagar Pase-1 is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thammanur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When selling a property, the guideline value helps establish a baseline for negotiations and ensures that the transaction complies with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Vettri Nagar Pase-1?

The current guideline value of Vettri Nagar Pase-1 is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a drop to Rs 100 per sq.ft in 2017, and then returning to Rs 150 per sq.ft by 2023. The value has not changed from 2023 to 2024.

What is the land classification of Vettri Nagar Pase-1?

Vettri Nagar Pase-1 is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vettri Nagar Pase-1?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 150 per sq.ft, the stamp duty would be Rs 10,500.