Guideline Value for VLC DHANAPAL NAGAR

Vlc Dhanapal Nagar guideline value

The current guideline value for Vlc Dhanapal Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Type - III land.

How the guideline value of Vlc Dhanapal Nagar has changed

The guideline value for Vlc Dhanapal Nagar has seen significant changes over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,500 per sq.ft. This was followed by the 2023 revision, which increased the value to Rs 2,239 per sq.ft, marking a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 2,460 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2017 to 2024, there has been a total increase of 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. Vlc Dhanapal Nagar's current value is above this median.

• Vlc Kambar Nagar: Rs 3,440 per sq.ft (2024)
• Vlc Kambar Nagar Phase-I: Rs 3,440 per sq.ft (2024)
• Vlc Karuppasamy Nagar: Rs 4,580 per sq.ft (2024)
• Vishal Nagar Phase I: Rs 1,540 per sq.ft (2024)
• Vishal Nagar Annexe: Rs 1,540 per sq.ft (2024)
• Vishal Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Vlc Dhanapal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,460 per sq.ft, the total guideline value would be Rs 24,60,000. The stamp duty at 7% would amount to Rs 1,72,200, and the registration fee at 2% would be Rs 49,200. Together, these fees would total Rs 2,21,400. 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 further assistance.

Which Sub Registrar Office covers Vlc Dhanapal Nagar?

The Sub Registrar Office that covers Vlc Dhanapal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall cost of the transaction. Registration authorities will use this value to calculate the applicable fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vlc Dhanapal Nagar?

The current guideline value of Vlc Dhanapal Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2017 to Rs 2,460 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Vlc Dhanapal Nagar?

For a property valued at Rs 24,60,000, the stamp duty would be Rs 1,72,200, and the registration fee would be Rs 49,200, totaling Rs 2,21,400.

Which Sub Registrar Office is responsible for Vlc Dhanapal Nagar?

The Kunrathur Sub Registrar Office is responsible for Vlc Dhanapal Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Vlc Dhanapal Nagar?

Vlc Dhanapal Nagar is classified as Mixed Type - III land, which indicates a blend of residential and commercial usage.