Guideline Value for VAITHILINGAM NAGAR

Vaithilingam Nagar guideline value

The current guideline value of Vaithilingam Nagar is Rs 4,580 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, with a land classification of Mixed Type - II.

How the guideline value of Vaithilingam Nagar has changed

The guideline value for Vaithilingam Nagar has seen several revisions over the years. In 2017, the value was Rs 2,790 per sq.ft, which increased to Rs 4,165 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 4,580 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a significant rise in the value over that period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value. The values range from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. Vaithilingam Nagar's 2024 figure is notably above this median.

• Vadavandai Street: Rs 1,540 per sq.ft (2024)
• Vannia Street: Rs 1,540 per sq.ft (2024)
• Udayam Nagar: Rs 1,760 per sq.ft (2024)
• Varsha Nagar: Rs 1,540 per sq.ft (2024)
• Varsha Nagar Annexe: Rs 1,540 per sq.ft (2024)
• Trident Garden Phase I to X: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Vaithilingam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,580 per sq.ft, the total guideline value would be Rs 45,80,000. The stamp duty at 7% would amount to Rs 3,20,600, and the registration fee at 2% would be Rs 91,600. Together, the total cost for duty and registration would be Rs 4,12,200. It is important to note that the 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 Vaithilingam Nagar?

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

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

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is documented at a value that reflects the current market standards. This process aids in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Vaithilingam Nagar?

The current guideline value of Vaithilingam Nagar is Rs 4,580 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,790 per sq.ft in 2017 to Rs 4,580 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification of Vaithilingam Nagar?

Vaithilingam Nagar is classified as Mixed Type - II, which indicates the type of land use permitted in the area.

Where can I find the registration office for Vaithilingam Nagar?

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

How is the stamp duty calculated for properties in Vaithilingam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 45,80,000, the stamp duty would be Rs 3,20,600 at a rate of 7%.