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Guideline Value

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Guideline Value for V.K.N. Nagar 3rd street

₹400/sq.ft.

The guideline value for V.k.n. Nagar 3rd Street in Ikkadu village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ikkadu

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /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)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[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 V.k.n. Nagar 3rd Street

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V.K.N. Nagar 3rd street guideline value

The current guideline value of V.K.N. Nagar 3rd street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of V.K.N. Nagar 3rd street has changed

The guideline value for V.K.N. Nagar 3rd street has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a rise of 700%. However, it then decreased to Rs 268 per sq.ft in 2017, a drop of 33%. The value remained at Rs 400 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from 2023 to 2024.

To summarize the changes: from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has increased by 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ikkadu

Ikkadu village has a total of 51 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current value for V.K.N. Nagar 3rd street.

Stamp duty and registration fee for property in V.K.N. Nagar 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. Please 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 more details.

Which Sub Registrar Office covers V.K.N. Nagar 3rd street?

The V.K.N. Nagar 3rd street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue through stamp duty. Therefore, it is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.K.N. Nagar 3rd street?

The current guideline value of V.K.N. Nagar 3rd street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012. The value has remained at Rs 400 per sq.ft since 2012, with no change from 2023 to 2024.

What is the median guideline value in Ikkadu?

The median guideline value in Ikkadu for the 51 streets under the Tiruvallur Joint 1 SRO is Rs 400 per sq.ft, which is the same as the current value for V.K.N. Nagar 3rd street.

What are the stamp duty and registration fees for properties in V.K.N. Nagar 3rd street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for V.K.N. Nagar 3rd street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for V.K.N. Nagar 3rd street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.