Guideline Value for VAI KUND-SUNDARAM ESTATE

Vai Kund-Sundaram Estate guideline value

The current guideline value of Vai Kund-Sundaram Estate is Rs 1,700 per sq.ft, effective from 1 July 2024. This estate is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Vai Kund-Sundaram Estate has changed

The guideline value for Vai Kund-Sundaram Estate has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year.

From 2012 to 2017, there was a notable decline of 33%, but the value rose by 49% from 2017 to 2023. Overall, the guideline value increased by 13% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which aligns with the current figure for Vai Kund-Sundaram Estate.

• Tvs Emerald Hamlet: Rs 10,700 per sq.ft (2024)
• Veerapandia Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Thulukanam Garden: Rs 1,100 per sq.ft (2024)
• Velu Street: Rs 1,100 per sq.ft (2024)
• Vembuli Street: Rs 1,100 per sq.ft (2024)
• VENDRASI AMMAN KOIL 1st CROSS STREEET: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vai Kund-Sundaram Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vai Kund-Sundaram Estate?

The Vai Kund-Sundaram Estate falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction process.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vai Kund-Sundaram Estate?

The current guideline value of Vai Kund-Sundaram Estate is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the stamp duty for property in Vai Kund-Sundaram Estate?

The stamp duty for a property in Vai Kund-Sundaram Estate is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,19,000.

Which office handles registrations for Vai Kund-Sundaram Estate?

The Neelankarai Sub Registrar Office handles registrations for Vai Kund-Sundaram Estate, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Karapakkam?

Other streets in Karapakkam include Tvs Emerald Hamlet, Veerapandia Kattabomman Street, Thulukanam Garden, Velu Street, Vembuli Street, and VENDRASI AMMAN KOIL 1st CROSS STREEET, each with varying guideline values.