Guideline Value for Veera Nagar

Veera Nagar guideline value

The current guideline value of Veera Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 226 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Veera Nagar has changed

In the 2012 revision, the guideline value for Veera Nagar was Rs 225 per sq.ft. This figure saw a decrease of 33% in the subsequent 2017 revision, bringing it down to Rs 151 per sq.ft. However, from 2017 to 2023, the value increased by 50%, reaching Rs 226 per sq.ft. Notably, there was no change in the guideline value from 2023 to 2024, as it remained at Rs 226 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, which is the same as the guideline value for Veera Nagar.

• Vasantham Nagar: Rs 200 per sq.ft (2024)
• Vasantha Garden: Rs 200 per sq.ft (2024)
• Vansanthapuram: Rs 200 per sq.ft (2024)
• Vetri Nagar Part-II: Rs 200 per sq.ft (2024)
• Vettri Nagar: Rs 200 per sq.ft (2024)
• Vijay Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Veera Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, while the registration fee at 2% would be Rs 4,520, bringing the total charges to Rs 20,340. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veera Nagar?

The Sub Registrar Office covering Veera Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Veera Nagar?

The current guideline value of Veera Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023 and has remained the same in 2024.

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

For a 1,000 sq.ft plot valued at Rs 226 per sq.ft, the total guideline value is Rs 2,26,000. The stamp duty would be Rs 15,820, and the registration fee would be Rs 4,520, totaling Rs 20,340.

Which office handles registrations for Veera Nagar?

The Sunguvarchattram Sub Registrar Office handles registrations for Veera Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Veera Nagar?

Veera Nagar falls under the Residential Class II Type - I land classification, which is relevant for determining its guideline value and usage.