Guideline Value for VLC KAMARAJAR NAGAR

Vlc Kamarajar Nagar guideline value

The current guideline value of Vlc Kamarajar Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024. This street is located in Kolumanivakkam village, under the Kunrathur SRO, with a land classification of Mixed Type - I.

How the guideline value of Vlc Kamarajar Nagar has changed

The guideline value for Vlc Kamarajar Nagar has seen several revisions over the years. The earliest recorded figure was Rs 2,000 per sq.ft in the 2017 revision. This increased to Rs 2,986 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 3,290 per sq.ft, reflecting a further increase of 10% from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median value among these streets is Rs 1,350 per sq.ft, placing Vlc Kamarajar Nagar's 2024 figure above that median.

• Uday Nagar Part I: Rs 990 per sq.ft (2024)
• Thirupathi Nagar: Rs 1,350 per sq.ft (2024)
• Thirumal / Thirumalai Nagar: Rs 1,210 per sq.ft (2024)
• Suseelambal Nagar: Rs 1,210 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Thirupathi Nagar Phase II & III: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Vlc Kamarajar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,290 per sq.ft, the guideline value amounts to Rs 32,90,000. The stamp duty at 7% would be Rs 2,30,300, and the registration fee at 2% would be Rs 65,800, bringing the total to Rs 2,96,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vlc Kamarajar Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolumanivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are documented accurately according to government regulations.

Frequently asked questions

What is the current guideline value of Vlc Kamarajar Nagar?

The current guideline value of Vlc Kamarajar Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 3,290 per sq.ft in 2024, marking a total increase of 65% over the years.

What is the median guideline value in Kolumanivakkam?

The median guideline value in Kolumanivakkam is Rs 1,350 per sq.ft, with Vlc Kamarajar Nagar's value being above this median.

What are the stamp duty rates for property in Vlc Kamarajar Nagar?

The stamp duty for property in Vlc Kamarajar Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vlc Kamarajar Nagar?

The Sub Registrar Office for Vlc Kamarajar Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.