Guideline Value for VLC KARUPPASAMY NAGAR

Vlc Karuppasamy Nagar guideline value

The current guideline value of Vlc Karuppasamy Nagar is Rs 4,580 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Type - II land.

How the guideline value of Vlc Karuppasamy Nagar has changed

The guideline value for Vlc Karuppasamy Nagar has seen significant revisions over the years. In the 2017 revision, the value was set at Rs 1,742 per sq.ft. This increased to Rs 4,165 per sq.ft in 2023, marking a substantial rise of 139%. The most recent 2024 revision has further increased the guideline value to Rs 4,580 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 163%. 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 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. The median guideline value for these streets is Rs 1,540 per sq.ft, indicating that Vlc Karuppasamy Nagar's 2024 figure is above this median.

• Vlc Kambar Nagar Phase-I: Rs 3,440 per sq.ft (2024)
• Vlc Kambar Nagar: Rs 3,440 per sq.ft (2024)
• Vlc Dhanapal Nagar: Rs 2,460 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 Karuppasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,580 per sq.ft, the total guideline value amounts to Rs 45,80,000. The stamp duty at 7% would be Rs 3,20,600, and the registration fee at 2% would be Rs 91,600, bringing the total cost to Rs 4,12,200. Please 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 more details.

Which Sub Registrar Office covers Vlc Karuppasamy Nagar?

The Sub Registrar Office that covers Vlc Karuppasamy 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 Kunrathour-B

The guideline value is an essential factor during property registration. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property in Kunrathour-B, the guideline value helps both buyers and sellers understand the expected market price. It serves as a benchmark for property transactions, ensuring transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Vlc Karuppasamy Nagar?

The current guideline value of Vlc Karuppasamy Nagar is Rs 4,580 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,742 per sq.ft in 2017 to Rs 4,580 per sq.ft in 2024, which is an overall increase of 163%.

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

The total stamp duty for a property valued at Rs 45,80,000 is Rs 3,20,600, and the registration fee is Rs 91,600, making the total cost Rs 4,12,200.

Which Sub Registrar Office should I visit for Vlc Karuppasamy Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Vlc Karuppasamy Nagar.

What is the land classification of Vlc Karuppasamy Nagar?

Vlc Karuppasamy Nagar is classified as Mixed Type - II land, which indicates its varied potential uses.