Guideline Value for V.C.A Nagar

V.C.A Nagar guideline value

The current guideline value of V.C.A Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of V.C.A Nagar has changed

Over the years, the guideline value of V.C.A Nagar has seen significant changes. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the current guideline value for V.C.A Nagar.

• Vanavil Nagar: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 1st Street (Park Road): Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in V.C.A Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. 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 further calculations.

Which Sub Registrar Office covers V.C.A Nagar?

The Sub Registrar Office that covers V.C.A Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Anakaputhur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to avoid potential disputes during registration.

Frequently asked questions

What is the current guideline value of V.C.A Nagar?

The current guideline value of V.C.A Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate for property in V.C.A Nagar?

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

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the other streets in Anakaputhur with guideline values?

Other streets in Anakaputhur include Vanavil Nagar at Rs 1,320 per sq.ft, and several streets in Venkateswara Nagar, all valued at Rs 1,980 per sq.ft as of 2024.