Guideline Value

Corporate

Guideline Value for Vetrivel Nagar

₹1006/sq.ft.

The guideline value for Vetrivel Nagar in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1006 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1006 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vetrivel Nagar

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Vetrivel Nagar guideline value

The current guideline value of Vetrivel Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vetrivel Nagar has changed

The guideline value for Vetrivel Nagar has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. Following this, the value rose to Rs 500 per sq.ft in 2023 and experienced a substantial increase to Rs 1,006 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, notable changes include a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a remarkable 101% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 403%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Vetrivel Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Vetrivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. Please 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 Vetrivel Nagar?

The Sub Registrar Office that covers Vetrivel Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vadaperumbakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal issues 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 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, marking an overall increase of 403% over the years.

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

Other streets in Vadaperumbakkam include Vetri Nagar at Rs 1,006 per sq.ft, Vedachalam Nagar at Rs 1,000 per sq.ft, Zahida Industrial Garden at Rs 1,003 per sq.ft, Thanikachalam Nagar at Rs 1,000 per sq.ft, T.G. Swamy Nagar at Rs 1,004 per sq.ft, and Suyambulingam Nagar Annex - 3 at Rs 1,006 per sq.ft.

What is the stamp duty rate for property in Vetrivel Nagar?

The stamp duty rate for property transactions in Vetrivel Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Vetrivel Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.