Guideline Value for V.L.C KAKKANJI NAGAR

V.L.C Kakkanji Nagar guideline value

The current guideline value of V.L.C Kakkanji Nagar is Rs 1,920 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-A village, under the Kunrathur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of V.L.C Kakkanji Nagar has changed

The guideline value for V.L.C Kakkanji Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,920 per sq.ft, an increase of 10% from Rs 1,742 per sq.ft in the 2023 revision. Notably, the 2023 figure was the same as the 2017 revision, which also recorded Rs 1,742 per sq.ft.

There are no recorded figures for the years 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value increased by 10% from Rs 1,742 per sq.ft to Rs 1,920 per sq.ft.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft, with a median value of Rs 1,760 per sq.ft. The guideline value for V.L.C Kakkanji Nagar is above this median.

• Vlc Bharathiyar Enclaves: Rs 2,630 per sq.ft (2024)
• Vinayagam Avenue: Rs 2,630 per sq.ft (2024)
• Vijayaraja Nagar: Rs 1,540 per sq.ft (2024)
• The Temple Town: Rs 1,540 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,920 per sq.ft, the total guideline value would be Rs 19,20,000. The stamp duty, charged at 7%, would amount to Rs 1,34,400, while the registration fee at 2% would be Rs 38,400, bringing the total fees to Rs 1,72,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.L.C Kakkanji Nagar?

The Sub Registrar Office that covers V.L.C Kakkanji Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will be used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value of V.L.C Kakkanji Nagar is Rs 1,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.L.C Kakkanji Nagar has increased by 10% from Rs 1,742 per sq.ft in 2023 to Rs 1,920 per sq.ft in 2024. There were no changes recorded for the years prior to 2017.

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

Other streets in Kunrathour-A include Vlc Bharathiyar Enclaves and Vinayagam Avenue at Rs 2,630 per sq.ft, Vijayaraja Nagar and The Temple Town at Rs 1,540 per sq.ft, Temple View Garden at Rs 1,800 per sq.ft, and Sulochana Nagar at Rs 1,760 per sq.ft.

What fees are associated with buying property in V.L.C Kakkanji Nagar?

When buying property in V.L.C Kakkanji Nagar, the total fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,72,800.

Which office handles the registration for V.L.C Kakkanji Nagar?

The Kunrathur Sub Registrar Office handles the registration for V.L.C Kakkanji Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.