Guideline Value for V.N.D Nagar Extension

V.N.D Nagar Extension guideline value

The current guideline value for V.N.D Nagar Extension in Chennerkuppam village is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Class I Type - II.

How the guideline value of V.N.D Nagar Extension has changed

The guideline value for V.N.D Nagar Extension has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a growth of 180%. However, from 2012 to 2017, the value decreased by 33% to Rs 938 per sq.ft. The next revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 1,400 per sq.ft, and the most recent revision in 2024 raised it by 10% to the current value of Rs 1,540 per sq.ft.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of V.N.D Nagar Extension.

• V.N.D.Nagar: Rs 1,540 per sq.ft (2024)
• V.G. N. Road: Rs 1,540 per sq.ft (2024)
• V.G.N. Avenue: Rs 1,540 per sq.ft (2024)
• Vanuver Veethi: Rs 1,320 per sq.ft (2024)
• Vaniyar Street: Rs 1,320 per sq.ft (2024)
• Vallaler Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in V.N.D Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. It is important to note that 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.N.D Nagar Extension?

The V.N.D Nagar Extension falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Chennerkuppam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is a key factor in calculating the total costs associated with property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of V.N.D Nagar Extension?

The current guideline value of V.N.D Nagar Extension is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, showing an overall increase of 208% over the years.

What is the registration fee for property in V.N.D Nagar Extension?

The registration fee is 2% of the guideline value. For a property valued at Rs 15,40,000, the registration fee would be Rs 30,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the applicable duties and fees.