Guideline Value for Vetrivel Nagar

Vetrivel Nagar guideline value

The current guideline value of Vetrivel Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Vetrivel Nagar has changed

The guideline value for Vetrivel Nagar has remained stable at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Prior to this, the 2017 revision set the value at Rs 167 per sq.ft, marking a 50% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Katrampakkam B

Katrampakkam B village has 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 275 per sq.ft. Vetrivel Nagar's 2024 figure is below this median.

• Vettri Nagar: Rs 250 per sq.ft (2024)
• Venugopal Nagar: Rs 250 per sq.ft (2024)
• Venkatapuri: Rs 250 per sq.ft (2024)
• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• Yadhava Street: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vetrivel 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, bringing the total charges to Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vetrivel Nagar?

The Sub Registrar Office covering Vetrivel 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 Katrampakkam B

The guideline value is a critical factor in the registration process for property transactions in Katrampakkam B. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vetrivel Nagar?

The current guideline value of Vetrivel 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 remained the same at Rs 250 per sq.ft from 2023 to 2024. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Katrampakkam B?

Other streets in Katrampakkam B include Vettri Nagar, Venugopal Nagar, Venkatapuri, Vinayagar Koil Street, Yadhava Street, and Thiruvalluvar Nagar, with values ranging from Rs 250 to Rs 300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Vetrivel Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 22,500 based on the current guideline value.

Which office handles the registration for Vetrivel Nagar?

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