Guideline Value for V.K.R.NAGAR

V.K.R.Nagar guideline value

The current guideline value of V.K.R.Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This village is located in Cheyyur under the Cheyyur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of V.K.R.Nagar has changed

The guideline value for V.K.R.Nagar has remained consistent at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, indicating no change in value. Prior to this, the 2017 revision set the value at Rs 134 per sq.ft, representing a significant increase of 49% to the current figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median of Rs 101 per sq.ft. V.K.R.Nagar's 2024 guideline value of Rs 200 per sq.ft is above this median.

• V.K.R.Street: Rs 200 per sq.ft (2024)
• Vinayagar Koil Street: Rs 100 per sq.ft (2024)
• Vijayaraja Anantham: Rs 101 per sq.ft (2024)
• Vijayaraja Akshaya: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 2st STREET: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in V.K.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.K.R.Nagar?

The Sub Registrar Office that covers V.K.R.Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role during the registration of property transactions in Cheyyur - A. 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, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers and sellers should ensure that the sale price is in line with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of V.K.R.Nagar?

The current guideline value of V.K.R.Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, and it increased from Rs 134 per sq.ft in 2017 to the current value, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Cheyyur - A with their guideline values?

Other streets in Cheyyur - A include V.K.R.Street at Rs 200 per sq.ft, Vinayagar Koil Street at Rs 100 per sq.ft, and several others ranging from Rs 101 to Rs 200 per sq.ft in 2024.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find it easily for any registration needs.

How is stamp duty calculated in V.K.R.Nagar?

Stamp duty in V.K.R.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000.