Guideline Value for Vetri Vinayagar Nagar

Vetri Vinayagar Nagar guideline value

The current guideline value of Vetri Vinayagar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vanchuvancheri village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Vetri Vinayagar Nagar has changed

The guideline value for Vetri Vinayagar Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value rose significantly by 100% to Rs 134 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, and the same value was carried over to the 2024 revision, reflecting no change from the previous year. The register has no figure for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 100%. Notably, the value increased by 49% from the 2017 revision to the 2023 revision, while it decreased by 33% from 2012 to 2017.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Vetri Vinayagar Nagar's 2024 figure is below this median.

• Vinayagar Koil Sreet: Rs 200 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Zion Nagar: Rs 600 per sq.ft (2024)
• Theruveethi Amman Koil Street: Rs 200 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Sri Vijaya Ganapathy Nagar: Rs 510 per sq.ft (2024)

Stamp duty and registration fee for property in Vetri Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vetri Vinayagar Nagar?

The Sub Registrar Office that covers Vetri Vinayagar 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 Vanchuvancheri

The guideline value plays a crucial role in the property registration process in Vanchuvancheri. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This ensures compliance with local regulations and helps avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Vetri Vinayagar Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with notable increases and decreases. From Rs 100 per sq.ft in 2007, it reached Rs 200 per sq.ft in 2012 and remained at Rs 200 per sq.ft in the 2023 and 2024 revisions.

What are the other streets in Vanchuvancheri and their guideline values?

Other streets in Vanchuvancheri include Vinayagar Koil Sreet, Vasantham Nagar, Zion Nagar, Theruveethi Amman Koil Street, Tambaram Kanchipuram Road, and Sri Vijaya Ganapathy Nagar, with guideline values ranging from Rs 200 to Rs 700 per sq.ft.

What is the stamp duty for property in Vetri Vinayagar Nagar?

The stamp duty for property in Vetri Vinayagar Nagar is charged at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 14,000.

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

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