Guideline Value for Vetri Nagar 3rd St
₹3300/sq.ft.
The guideline value for Vetri Nagar 3rd St in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Tambaram
Village
Tambaram Joint 1
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3300 /sq.ft. |
| From 1-4-2023 | ₹3000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2010 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Vetri Nagar 3rd St
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Vetri Nagar 3rd St guideline value
The current guideline value of Vetri Nagar 3rd St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.
How the guideline value of Vetri Nagar 3rd St has changed
The guideline value for Vetri Nagar 3rd St has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 3,000 per sq.ft. In 2017, it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased to Rs 3,000 per sq.ft, and in the latest revision for 2024, it further rose to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.
From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Tambaram
In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which means the guideline value of Vetri Nagar 3rd St aligns with this median.
- Vetri Nagar 2nd St: Rs 3,300 per sq.ft (2024)
- Vetri Nagar 4th Street: Rs 3,300 per sq.ft (2024)
- Vetri Nagar 1st St: Rs 3,300 per sq.ft (2024)
- Vetri Nagar: Rs 3,300 per sq.ft (2024)
- Venu Street: Rs 3,300 per sq.ft (2024)
- Vgn Mayfield Park Extension: Rs 8,250 per sq.ft (2024)
Stamp duty and registration fee for property in Vetri Nagar 3rd St
For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Vetri Nagar 3rd St?
The Sub Registrar Office that covers Vetri Nagar 3rd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Tambaram
The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.
When a property is sold, 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 Vetri Nagar 3rd St?
The current guideline value of Vetri Nagar 3rd St is Rs 3,300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase over the years.
What are the stamp duty and registration fees for properties in this area?
For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.
Which office handles the registration for Vetri Nagar 3rd St?
The registration for Vetri Nagar 3rd St is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
What is the land classification for Vetri Nagar 3rd St?
The land classification for Vetri Nagar 3rd St is Residential Class I Type - I, indicating its suitability for residential development.
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