Guideline Value for VIKAS ROYAL ENCLAVE

Vikas Royal Enclave guideline value

The current guideline value of Vikas Royal Enclave is Rs 2,000 per sq.ft. It is located in Kudapakkam village, under the Avadi SRO, and is classified as Residential Special Type - III.

How the guideline value of Vikas Royal Enclave has changed

According to the guideline value register, there have been several revisions for Vikas Royal Enclave. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for 2023 was Rs 2,000 per sq.ft, and the same value has been maintained in the 2024 revision, which took effect on 1 July 2024. This indicates that there has been no change in the guideline value from 2023 to 2024, reflecting a change of +0%.

In summary, the guideline value has remained constant at Rs 2,000 per sq.ft for the years 2023 and 2024. The absence of figures in previous revisions suggests stability in this particular street's valuation over the years.

Guideline values in Kudapakkam

Kudapakkam village has a total of 12 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 2,000 per sq.ft. The median value for these streets is Rs 425 per sq.ft, placing Vikas Royal Enclave's guideline value above this median.

• Valluvar Nagar: Rs 234 per sq.ft (2024)
• Sri Chakra Nagar: Rs 300 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 300 per sq.ft (2024)
• Spv One Phase-II: Rs 700 per sq.ft (2024)
• Spv One: Rs 600 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vikas Royal Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vikas Royal Enclave?

The Vikas Royal Enclave is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kudapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vikas Royal Enclave?

The current guideline value of Vikas Royal Enclave is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 2,000 per sq.ft for the years 2023 and 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kudapakkam?

The median guideline value for the streets in Kudapakkam is Rs 425 per sq.ft, with Vikas Royal Enclave's value being above this median.

What are the stamp duty and registration fees for property in Vikas Royal Enclave?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which office handles the registration for Vikas Royal Enclave?

The registration for Vikas Royal Enclave is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.