Guideline Value for V.G.N. Kodandaraman Nagar

V.G.N. Kodandaraman Nagar guideline value

The current guideline value of V.G.N. Kodandaraman Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Kilambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of V.G.N. Kodandaraman Nagar has changed

Over the years, the guideline value of V.G.N. Kodandaraman Nagar has seen various revisions. The oldest revision available is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, but then decreased to Rs 804 per sq.ft in 2017. The most recent revision in 2023 saw a significant increase to Rs 1,200 per sq.ft again.

From 2017 to 2023, there was an increase of 49% in the guideline value. Comparing the 2012 revision to 2017, there was a decrease of 33%. The value increased by 20% from 2007 to 2012. Overall, from 2007 to 2023, the guideline value has increased by 20%.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. However, V.G.N. Kodandaraman Nagar is an important locality within this area. Unfortunately, there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in V.G.N. Kodandaraman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.N. Kodandaraman Nagar?

The Sub Registrar Office that covers V.G.N. Kodandaraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilambakkam. It is the benchmark value set by the government, which helps determine the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.G.N. Kodandaraman Nagar?

The current guideline value of V.G.N. Kodandaraman Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, before rising again to Rs 1,200 per sq.ft in 2023.

What is the land classification for V.G.N. Kodandaraman Nagar?

The land classification for V.G.N. Kodandaraman Nagar is Residential Special Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for V.G.N. Kodandaraman Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for V.G.N. Kodandaraman Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.