Guideline Value for Veerapathiran Nagar

Veerapathiran Nagar guideline value

The current guideline value of Veerapathiran Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Ponmar village, within the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Veerapathiran Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. The value was Rs 146 per sq.ft in 2007, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 585%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, representing a decline of 33%. The most recent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, resulting in an increase of 49% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 585%.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. However, Veerapathiran Nagar is situated within this village, and there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Veerapathiran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, bringing the total fees to Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veerapathiran Nagar?

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

For more information, you can find your SRO.

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

When buying or selling property in Ponmar, the guideline value is a crucial factor during the registration process. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the government collects appropriate revenue from property transactions. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value of Veerapathiran Nagar?

The current guideline value of Veerapathiran 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 146 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 land classification does Veerapathiran Nagar fall under?

Veerapathiran Nagar is classified as Residential Special Type - II.

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 is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price, also whichever is higher.