Guideline Value for VIJAYALAKSHMI NAGAR ANNEXE II

Vijayalakshmi Nagar Annexe II guideline value

The current guideline value of Vijayalakshmi Nagar Annexe II is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Vijayalakshmi Nagar Annexe II has changed

The guideline value for Vijayalakshmi Nagar Annexe II has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, which is a significant increase from the 2017 revision of Rs 2,200 per sq.ft. This change represents a 60% increase over the seven-year period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. The 2017 revision was the last recorded figure before the current 2024 value.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Vijayalakshmi Nagar Annexe II is above this median.

• Vijayalakshmi Nagar Annexe I: Rs 3,520 per sq.ft (2024)
• Vijalakshmi Nagar Annex: Rs 3,520 per sq.ft (2024)
• Vinayakapuram 3rd Street: Rs 3,520 per sq.ft (2024)
• Venkatasubramanya swamy Nagar: Rs 2,090 per sq.ft (2024)
• Swarnapuri Nagar: Rs 3,520 per sq.ft (2024)
• Sun Garden: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayalakshmi Nagar Annexe II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. The total cost for stamp duty and registration fees would be Rs 3,16,800. Please note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayalakshmi Nagar Annexe II?

The Vijayalakshmi Nagar Annexe II area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. It is crucial for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Nagar Annexe II?

The current guideline value of Vijayalakshmi Nagar Annexe II is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, marking a 60% increase over this period.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Vijayalakshmi Nagar Annexe II.

What is the registration office for Vijayalakshmi Nagar Annexe II?

The registration office for Vijayalakshmi Nagar Annexe II 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 Vijayalakshmi Nagar Annexe II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at 7%.