Guideline Value for VLC KARIKALA CHOLAN NAGAR PHASE - I

Vlc Karikala Cholan Nagar Phase - I guideline value

The current guideline value for Vlc Karikala Cholan Nagar Phase - I is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Mangadu-B village, under the Kunrathur SRO, and is classified as Residential Class III Type - V.

How the guideline value of Vlc Karikala Cholan Nagar Phase - I has changed

The guideline value for Vlc Karikala Cholan Nagar Phase - I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,000 per sq.ft, an increase of 11% from the 2023 revision, which was Rs 2,700 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded figures were not available for this street. The current guideline value reflects the latest assessment and is positioned above the median value of Rs 1,980 per sq.ft for other streets in Mangadu-B under the Kunrathur SRO.

Guideline values in Mangadu-B

Mangadu-B village has 70 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 4,300 per sq.ft. Vlc Karikala Cholan Nagar Phase - I's 2024 figure of Rs 3,000 per sq.ft is above the median value for the area.

• Vlc Karikala Cholan Nagar: Rs 3,000 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 1,750 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,200 per sq.ft (2024)
• O.A.Royal Nagar: Rs 3,960 per sq.ft (2024)
• Kalaimagal Nagar: Rs 2,000 per sq.ft (2024)
• Jeeva Nagar: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Vlc Karikala Cholan Nagar Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total charges to Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vlc Karikala Cholan Nagar Phase - I?

The Vlc Karikala Cholan Nagar Phase - I falls under the jurisdiction of 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 Mangadu-B

The guideline value plays a crucial role during the registration of property transactions in Mangadu-B. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded at a fair value as assessed by the government.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements and to calculate the necessary fees. Buyers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Vlc Karikala Cholan Nagar Phase - I?

The current guideline value for Vlc Karikala Cholan Nagar Phase - I is Rs 3,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,700 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024, reflecting an increase of 11%.

What is the land classification for Vlc Karikala Cholan Nagar Phase - I?

Vlc Karikala Cholan Nagar Phase - I is classified as Residential Class III Type - V.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Vlc Karikala Cholan Nagar Phase - I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.