Guideline Value for Vetri Nagar

Vetri Nagar guideline value

The current guideline value of Vetri Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Vetri Nagar has changed

The guideline value for Vetri Nagar has seen several revisions over the years. In 2007, the value was Rs 75 per sq.ft, which increased to Rs 200 per sq.ft in 2012. This marked a significant increase of 167%. However, between 2012 and 2017, the value decreased to Rs 134 per sq.ft, a decline of 33%. The value then rose again to Rs 200 per sq.ft in 2023, maintaining the same rate in the 2024 revision, resulting in no change from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023, and overall, from 2007 to 2024, it has increased by 167%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value is Rs 250 per sq.ft, indicating that Vetri Nagar's 2024 figure is below this median.

• Vianayaga Nagar: Rs 300 per sq.ft (2024)
• Vijayalaxmi Nagar: Rs 500 per sq.ft (2024)
• Veeralaxmi Nagar: Rs 250 per sq.ft (2024)
• Vairavar Nagar: Rs 200 per sq.ft (2024)
• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vetri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vetri Nagar?

The Sub Registrar Office that covers Vetri Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannoor. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value serves as the baseline for calculating taxes, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value of Vetri Nagar changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, with Vetri Nagar's current value being below this median.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Vetri Nagar located?

The Sub Registrar Office for Vetri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.