Guideline Value for Vetri Nagar

Vetri Nagar guideline value

The current guideline value of Vetri Nagar is Rs 800 per sq.ft. This area is located in Vengadamangalam village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Vetri Nagar has changed

The guideline value of Vetri Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 400% increase. However, the value dropped to Rs 536 per sq.ft in the 2017 revision, a decrease of 33% from the previous figure.

As of the 2023 revision, the guideline value is Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 400%.

Guideline values in Vengadamangalam

Currently, there are no specific guideline values provided for other streets in Vengadamangalam. The only guideline value available is for Vetri Nagar.

Stamp duty and registration fee for property in Vetri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total charges to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vetri Nagar?

The Sub Registrar Office that covers Vetri Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vengadamangalam, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for calculating the costs associated with the registration of property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall expenses incurred during the property registration process. The guideline value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and is now back to Rs 800 per sq.ft in 2023.

What is the land classification for Vetri Nagar?

Vetri 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, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Vetri Nagar?

Stamp duty in Vetri Nagar 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.