Guideline Value for Veerapandi Nagar

Veerapandi Nagar guideline value

The current guideline value of Veerapandi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Vengadamangalam village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this region is Residential Special Type - III.

How the guideline value of Veerapandi Nagar has changed

The guideline value for Veerapandi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 560 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 79%. However, from 2012 to 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The latest revision in 2023 brought the value back up to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 79%. Notably, there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Veerapandi Nagar is the only street mentioned in the context of guideline values under this area.

Stamp duty and registration fee for property in Veerapandi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Veerapandi Nagar?

The Gooduvancheri Sub Registrar Office covers Veerapandi Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vengadamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property in this area.

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

Frequently asked questions

What is the current guideline value of Veerapandi Nagar?

The current guideline value of Veerapandi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Veerapandi Nagar?

Veerapandi Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,000.