Guideline Value for V.N.D.Nagar

V.N.D.Nagar guideline value

The current guideline value of V.N.D.Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village and falls under the Kunrathur Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - II.

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

The guideline value for V.N.D.Nagar has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 1,400 per sq.ft in 2012. However, this value decreased to Rs 938 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,400 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 105%.

Guideline values in Chennerkuppam

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

• V.N.D Nagar Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.N.D.Nagar?

The Kunrathur Sub Registrar Office covers V.N.D.Nagar. The office is 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 is a critical factor during the registration of property transactions in Chennerkuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the necessary fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of V.N.D.Nagar 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 750 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting a 105% increase overall. The value saw fluctuations, including a decrease between 2012 and 2017.

What is the registration office for V.N.D.Nagar?

The registration office for V.N.D.Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 15,40,000, the total fees would amount to Rs 1,38,600.

What are the other streets in Chennerkuppam with similar guideline values?

Other streets in Chennerkuppam with a guideline value of Rs 1,540 per sq.ft include V.N.D Nagar Extension, V.G. N. Road, and Vallaler Street, among others.