Guideline Value for Vetri Nagar

Vetri Nagar guideline value

The current guideline value of Vetri Nagar in Valaiyakarani village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class II 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 2012, the value was set at Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased by 50% to Rs 250 per sq.ft, and this figure remained the same in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Valaiyakarani

In Valaiyakarani, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,239 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Vetri Nagar's 2024 figure below that median.

• Vbhc: Rs 2,239 per sq.ft (2024)
• Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i: Rs 500 per sq.ft (2024)
• Star Breeze Phase-I: Rs 1,000 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Valaiyakarani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vetri Nagar?

The current guideline value of Vetri Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with significant changes occurring in 2017 and 2023, but it has remained at Rs 250 per sq.ft since 2023.

What other streets have guideline values in Valaiyakarani?

Other streets in Valaiyakarani include Vbhc at Rs 2,239 per sq.ft, Unnamed Layout S.No:58 at Rs 500 per sq.ft, and Star Breeze Phase-I at Rs 1,000 per sq.ft for 2024.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 based on the guideline value.

Where can I find the Sub Registrar Office for Vetri Nagar?

The Sub Registrar Office for Vetri Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.