Guideline Value for VKN IT CITY

Vkn It City guideline value

The current guideline value of Vkn It City, located in Anumandai village under the Chengleput Joint II SRO, is Rs 651 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Vkn It City has changed

Over the years, the guideline value for Vkn It City has seen several revisions. The register shows that in 2012, the guideline value was Rs 650 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 435 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 650 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 651 per sq.ft, which is effectively a 0% change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This means that the changes observed are primarily between the years 2012, 2017, 2023, and 2024.

Guideline values in Anumandai

In Anumandai, there are six streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 650 to Rs 2,500 per sq.ft. The median value across these streets is Rs 676 per sq.ft, placing Vkn It City's guideline value below this median.

• Smart City: Rs 650 per sq.ft (2024)
• K R Green Meadown Phase IV& V: Rs 651 per sq.ft (2024)
• Jr Harmony Phase - I: Rs 1,300 per sq.ft (2024)
• Jr Harmony Phase - II: Rs 2,500 per sq.ft (2024)
• S.R. Garden: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vkn It City

For a 1,000 sq.ft plot at the current guideline value of Rs 651 per sq.ft, the total guideline value amounts to Rs 6,51,000. The stamp duty at 7% would be Rs 45,570, and the registration fee at 2% would be Rs 13,020, leading to a total cost of Rs 58,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vkn It City?

The Sub Registrar Office that covers Vkn It City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Anumandai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as assessed by the local authorities. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vkn It City?

The current guideline value of Vkn It City is Rs 651 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 651 per sq.ft in 2024.

What are the other streets in Anumandai and their guideline values?

Other streets in Anumandai include Smart City at Rs 650 per sq.ft, K R Green Meadown Phase IV& V at Rs 651 per sq.ft, Jr Harmony Phase - I at Rs 1,300 per sq.ft, Jr Harmony Phase - II at Rs 2,500 per sq.ft, and S.R. Garden at Rs 700 per sq.ft.

What are the stamp duty and registration fees for property in Vkn It City?

For a 1,000 sq.ft plot at the guideline value of Rs 651 per sq.ft, the total guideline value would be Rs 6,51,000. The stamp duty would be Rs 45,570, and the registration fee would be Rs 13,020, totaling Rs 58,590.

Which Sub Registrar Office covers Vkn It City?

The Chengleput Joint II Sub Registrar Office covers Vkn It City, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.