Guideline Value for VKR Gardens

VKR Gardens guideline value

The current guideline value of VKR Gardens is Rs 1,440 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - II land.

How the guideline value of VKR Gardens has changed

According to the register, there are no figures available for VKR Gardens in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,440 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years, with a percentage change of +0%.

As of the 2024 revision, the guideline value remains consistent at Rs 1,440 per sq.ft, reflecting stability in this particular street’s valuation over the past two years.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing VKR Gardens above this median value.

• V.R.K. Nagar: Rs 1,000 per sq.ft (2024)
• Vijayanagar Extention: Rs 1,000 per sq.ft (2024)
• Vgn Water Gardens: Rs 700 per sq.ft (2024)
• Venkateswara Nagar: Rs 500 per sq.ft (2024)
• Vasantham Nagar Phase1,2,3: Rs 700 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in VKR Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,440 per sq.ft, the total guideline value amounts to Rs 14,40,000. The stamp duty at 7% would be Rs 1,00,800, and the registration fee at 2% would be Rs 28,800, making the total charges Rs 1,29,600. 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers VKR Gardens?

The Sub Registrar Office that covers VKR Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical factor in property transactions in Athur B Block. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the transaction is recorded accurately in the official register.

When you register a property, the guideline value serves as a benchmark for assessing the value of the property, which helps in calculating the applicable taxes and fees. This process ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of VKR Gardens?

The current guideline value of VKR Gardens is Rs 1,440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for VKR Gardens has remained the same at Rs 1,440 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Athur B Block?

Other streets in Athur B Block have varying guideline values, with rates ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

How is stamp duty calculated for properties in VKR Gardens?

Stamp duty for properties in VKR Gardens is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total stamp duty of Rs 1,00,800.

Where can I find the Sub Registrar Office for VKR Gardens?

The Sub Registrar Office for VKR Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.