Guideline Value for VLC CHELLATHAI AVENUE

Vlc Chellathai Avenue guideline value

The current guideline value of Vlc Chellathai Avenue is Rs 3,745 per sq.ft. This street is located in Kolapakkam village, under the Pammal SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vlc Chellathai Avenue has changed

The guideline value for Vlc Chellathai Avenue has seen several revisions over the years. In 2017, the guideline value was Rs 2,278 per sq.ft, which increased to Rs 2,398 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 3,745 per sq.ft, reflecting a significant increase of 56% from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolapakkam

In Kolapakkam, a total of 111 streets fall under the Pammal SRO, with 2024 guideline values ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Vlc Chellathai Avenue's 2024 figure above this median.

• Vijayalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Vgn Orville Extension II: Rs 4,600 per sq.ft (2024)
• Vgn Orvillee Extension-I: Rs 4,600 per sq.ft (2024)
• Vgn Orville: Rs 3,285 per sq.ft (2024)
• VGN LakshmiNagar: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vlc Chellathai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,745 per sq.ft, the total guideline value amounts to Rs 37,45,000. The stamp duty at 7% would be Rs 2,62,150, and the registration fee at 2% would be Rs 74,900, bringing the total cost to Rs 3,37,050. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vlc Chellathai Avenue?

The Sub Registrar Office that covers Vlc Chellathai Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kolapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vlc Chellathai Avenue?

The current guideline value of Vlc Chellathai Avenue is Rs 3,745 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, moving from Rs 2,278 per sq.ft to Rs 3,745 per sq.ft.

What is the stamp duty rate applicable in Kolapakkam?

The stamp duty rate applicable in Kolapakkam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the guideline values for other streets in Kolapakkam?

Other streets in Kolapakkam have varying guideline values, ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. Vlc Chellathai Avenue's guideline value is above this median.