Guideline Value for VMR Anex

VMR Anex guideline value

The current guideline value of VMR Anex in Palnalloor village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of VMR Anex has changed

Over the years, the guideline value of VMR Anex has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. In 2017, the value was Rs 167 per sq.ft, reflecting a decrease of 33% from the previous revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. As of the 2024 revision, the guideline value remains the same at Rs 250 per sq.ft, indicating no change from the previous year. Overall, from 2012 to 2024, the guideline value has not changed.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing VMR Anex above this median.

• VMR Nagar ( I To III ): Rs 250 per sq.ft (2024)
• Vishvakarma Nagar: Rs 200 per sq.ft (2024)
• VGP Vinoth Town: Rs 200 per sq.ft (2024)
• TV Room Street: Rs 175 per sq.ft (2024)
• Thirumallai Nagar: Rs 200 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in VMR Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 calculations.

Which Sub Registrar Office covers VMR Anex?

The VMR Anex property falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Palnalloor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the property is valued fairly for taxation purposes.

When buying or selling property, the guideline value is used to determine the amount of stamp duty and registration fees payable. This value is either based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of VMR Anex?

The current guideline value of VMR Anex is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a previous decrease to Rs 167 per sq.ft in 2017. The value increased by 50% from 2017 to 2023, but has not changed from 2023 to 2024.

What is the land classification of VMR Anex?

VMR Anex is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in VMR Anex?

Stamp duty for properties in VMR Anex is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a stamp duty of Rs 17,500.

Where can I find the Sub Registrar Office for VMR Anex?

The Sub Registrar Office covering VMR Anex is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.