Guideline Value for Vetri Nagar

Vetri Nagar guideline value

The current guideline value of Vetri Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Vetri Nagar has changed

According to the guideline value register, there are no figures available for Vetri Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for 2023 was Rs 400 per sq.ft, which remains unchanged in the 2024 revision, also set at Rs 400 per sq.ft, reflecting a change of +0% from the previous year.

Thus, the guideline value of Vetri Nagar has remained stable at Rs 400 per sq.ft since the 2023 revision. The 2024 figure aligns with the median value for the 73 streets in Vallam_B, which also stands at Rs 400 per sq.ft.

Guideline values in Vallam_B

In Vallam_B, the guideline values for the 2024 revision range from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Vetri Nagar's guideline value is equal to this median, indicating its positioning within the village's overall property landscape.

• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Victoria Town: Rs 200 per sq.ft (2024)
• Victory Nagar: Rs 400 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Velalar street: Rs 300 per sq.ft (2024)
• Vishnupriya Nagar: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the actual sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value specific to the area, as it directly impacts the financial obligations associated with the registration process. Buyers and sellers should consult the guideline value register to understand the applicable rates for their transactions.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vetri Nagar has remained unchanged at Rs 400 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Vetri Nagar?

Vetri Nagar is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

What are the other streets in Vallam_B with their guideline values?

Other streets in Vallam_B include Venkateswara Nagar and Victory Nagar, both at Rs 400 per sq.ft, Victoria Town and Velavan Nagar at Rs 200 per sq.ft, Velalar street at Rs 300 per sq.ft, and Vishnupriya Nagar at Rs 400 per sq.ft.

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.