Guideline Value for V.R Complex-I

V.R Complex-I guideline value

The current guideline value of V.R Complex-I is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, classified as Industries Type - II.

How the guideline value of V.R Complex-I has changed

The guideline value for V.R Complex-I has undergone several revisions over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 1,800 per sq.ft, marking a 7% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, and the median value is Rs 1,300 per sq.ft. The guideline value of V.R Complex-I is above this median.

• Vr Builders Blossom: Rs 2,200 per sq.ft (2024)
• VR Complex-II: Rs 1,800 per sq.ft (2024)
• V.O.C. Street: Rs 880 per sq.ft (2024)
• Vijay Nagar: Rs 1,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VIII: Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VII: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.R Complex-I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers V.R Complex-I?

The V.R Complex-I is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should 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.R Complex-I?

The current guideline value of V.R Complex-I is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,675 per sq.ft from 2017 to 2023, but it increased to Rs 1,800 per sq.ft in the 2024 revision. Overall, there has been a 7% increase from 2017 to 2024.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft. The guideline value of V.R Complex-I is above this median.

What are the stamp duty and registration fees for V.R Complex-I?

The total stamp duty for a 1,000 sq.ft plot at the guideline value of Rs 1,800 per sq.ft would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which office handles the registration for V.R Complex-I?

The Konnur Sub Registrar Office handles the registration for V.R Complex-I, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.