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 B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vettri Nagar has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure remained unchanged at Rs 250 per sq.ft in the 2023 revision and continues to be the same in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, which then remained stable from 2023 to 2024, showing a change of +0%. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Vettri Nagar's 2024 figure below this median.

• 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 would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vettri Nagar?

The Sub Registrar Office that covers 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Katrampakkam B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the overall transaction costs. The registration process will require payment based on the guideline value or the sale price, whichever is higher.

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 of Vettri Nagar has remained at Rs 250 per sq.ft since the 2023 revision. It was Rs 167 per sq.ft in the 2017 revision, showing a 50% increase over that period.

What is the land classification of Vettri Nagar?

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

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

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

How is the stamp duty calculated for property in Vettri Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 17,500.