Guideline Value for V.K.R.STREET

V.K.R.Street guideline value

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

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

The guideline value for V.K.R.Street has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only revisions with recorded figures are from 2017, 2023, and 2024.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median value among these streets is Rs 101 per sq.ft, placing V.K.R.Street's 2024 figure above the median.

• V.K.R.Nagar: 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.Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.K.R.Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Cheyyur - A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must 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.R.Street?

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

How has the guideline value changed over the years?

The guideline value for V.K.R.Street has remained at Rs 200 per sq.ft since 2023. It was Rs 134 per sq.ft in 2017, showing a 49% increase over the years.

What are the stamp duty and registration fees for V.K.R.Street?

For a 1,000 sq.ft plot at the guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for V.K.R.Street?

The Cheyyur Sub Registrar Office handles the registration for V.K.R.Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value determined in Cheyyur - A?

The guideline value in Cheyyur - A is determined by the Registration Department and is based on various factors. It serves as a reference for calculating stamp duty and registration fees during property transactions.