Guideline Value for VKS REALTY INC IN BEST CITY
₹300/sq.ft.
The guideline value for Vks Realty Inc In Best City in Melavalam village (Madurandakam SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Melavalam
Village
Madurandakam
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹201 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹300 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Vks Realty Inc In Best City
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madurandakam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Vks Realty Inc In Best City guideline value
The current guideline value for Vks Realty Inc In Best City is Rs 300 per sq.ft. This property is located in Melavalam village, under the Madurandakam SRO, and is classified as Commercial Class I Type - I.
How the guideline value of Vks Realty Inc In Best City has changed
Over the years, the guideline value for Vks Realty Inc In Best City has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision marked a significant increase from the previous figure of Rs 201 per sq.ft in 2017, resulting in a 49% rise. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the upcoming 2024 revision will continue this rate, reflecting a 0% change from the previous year.
It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 300 per sq.ft.
Guideline values in Melavalam
In Melavalam, there are 20 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Vks Realty Inc In Best City is below this median.
- V.K.S.Group In Best City Extension - I: Rs 405 per sq.ft (2024)
- VKS BEST CITY PHASE II @ Sakthi Nagar: Rs 405 per sq.ft (2024)
- Venkatesan Nagar: Rs 400 per sq.ft (2024)
- Vb Nagar: Rs 200 per sq.ft (2024)
- Sri Mari Amman Nagar: Rs 405 per sq.ft (2024)
- Saranya Nagar: Rs 250 per sq.ft (2024)
Stamp duty and registration fee for property in Vks Realty Inc In Best City
For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Vks Realty Inc In Best City?
The Vks Realty Inc In Best City is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Melavalam
The guideline value plays a crucial role when buying or selling property in Melavalam. It is the minimum value set by the government for property transactions, ensuring that the transaction is registered at a fair value. This value is used to calculate the stamp duty and registration fees during the property registration process.
When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees. This process helps maintain transparency and prevents undervaluation of properties in the real estate market.
Frequently asked questions
What is the current guideline value for Vks Realty Inc In Best City?
The current guideline value for Vks Realty Inc In Best City is Rs 300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen revisions in 2012, 2017, 2023, and 2024. The value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft, and has remained at Rs 300 per sq.ft since then.
What is the classification of the land for Vks Realty Inc In Best City?
The land for Vks Realty Inc In Best City is classified as Commercial Class I Type - I.
Where can I find the registration office for Vks Realty Inc In Best City?
The registration office for Vks Realty Inc In Best City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.
How is stamp duty calculated for properties in Melavalam?
Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.
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