Guideline Value for Vettri Nagar

Vettri Nagar guideline value

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

How the guideline value of Vettri Nagar has changed

The guideline value for Vettri Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, where it was also Rs 250 per sq.ft. However, prior to this, in 2017, the value had increased from Rs 167 per sq.ft in the 2012 revision, marking a 50% increase. The 2023 revision again maintained the value at Rs 250 per sq.ft, showing no change from the previous year, 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 250 per sq.ft.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO carrying a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value of Vettri Nagar.

• Vetrivel 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 Vettri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is calculated at 7%, which totals Rs 17,500, and the registration fee is charged at 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fee together is Rs 22,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vettri Nagar?

The Sub Registrar Office covering Vettri 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 Katrampakkam

The guideline value plays a crucial role in the registration process of property transactions in Katrampakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs incurred during the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the correct guideline value is applied can help avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Vettri Nagar?

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

How has the guideline value changed over the years?

The guideline value for Vettri Nagar has remained at Rs 250 per sq.ft since 2012, with notable increases from Rs 167 per sq.ft in 2017. There were no changes from 2023 to 2024.

What is the land classification for Vettri Nagar?

Vettri Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is stamp duty calculated for properties in Vettri Nagar?

Stamp duty for properties in Vettri Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.