Guideline Value for VIJAYALAKSHMI NAGAR ANNEXE I

Vijayalakshmi Nagar Annexe I guideline value

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

How the guideline value of Vijayalakshmi Nagar Annexe I has changed

The guideline value for Vijayalakshmi Nagar Annexe I has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,200 per sq.ft. This was increased to Rs 3,520 per sq.ft in the 2024 revision, marking a change of +60% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions that reflect a guideline value are from 2017 and 2024.

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 of Rs 3,520 per sq.ft for Vijayalakshmi Nagar Annexe I is above this median.

• Vijayalakshmi Nagar Annexe II: 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 I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. 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 Vijayalakshmi Nagar Annexe I?

The Sub Registrar Office that covers Vijayalakshmi Nagar Annexe I is 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 a crucial factor during the registration of property transactions in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is in compliance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Vijayalakshmi Nagar Annexe I 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 increased from Rs 2,200 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, which is a change of +60%.

Are there any years without a guideline value for this street?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 have no figures available for Vijayalakshmi Nagar Annexe I.

What are the registration fees for property in Vijayalakshmi Nagar Annexe I?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or sale price. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,16,800.

Which office handles the registration for Vijayalakshmi Nagar Annexe I?

The Kunrathur Sub Registrar Office handles registrations for Vijayalakshmi Nagar Annexe I, located at No.59, Road Street, Kundrathur, Chennai -600 069.