Guideline Value for VLC KARIKALA CHOLAN NAGAR

Vlc Karikala Cholan Nagar guideline value

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

How the guideline value of Vlc Karikala Cholan Nagar has changed

The guideline value for Vlc Karikala Cholan Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,700 per sq.ft, which was then increased by 11% to Rs 3,000 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 2,700 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024. This change reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Mangadu-B

The village of Mangadu-B has 70 streets under the Kunrathur SRO with a 2024 guideline value range from Rs 1,430 to Rs 4,300 per sq.ft. The median guideline value in this village is Rs 1,980 per sq.ft, placing Vlc Karikala Cholan Nagar's 2024 figure above that median.

• Vlc Karikala Cholan Nagar Phase - I: 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

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, making the total cost for these fees Rs 2,70,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vlc Karikala Cholan Nagar?

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

When buying or selling property in Mangadu-B, the guideline value plays a crucial role in determining the registration fees. This value is used to calculate the stamp duty and registration fees applicable during the transaction, ensuring that both parties are aware of the financial obligations involved.

It is essential for buyers and sellers to refer to the latest guideline value to ensure compliance with the registration requirements. This helps in avoiding any disputes or misunderstandings regarding the property valuation during the registration process.

Frequently asked questions

What is the current guideline value of Vlc Karikala Cholan Nagar?

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

How has the guideline value changed over the years?

The guideline value for Vlc Karikala Cholan Nagar has changed from Rs 2,700 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024, reflecting an 11% increase.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Vlc Karikala Cholan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the registration office for Vlc Karikala Cholan Nagar?

The registration office covering Vlc Karikala Cholan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the other streets with guideline values in Mangadu-B?

Other streets in Mangadu-B include Vlc Karikala Cholan Nagar Phase - I at Rs 3,000 per sq.ft, Sri Kamatchi Nagar at Rs 1,750 per sq.ft, and O.A.Royal Nagar at Rs 3,960 per sq.ft, among others.