Guideline Value for VMR NAGAR

Vmr Nagar guideline value

The current guideline value of Vmr Nagar, located in Velamoor village under the Acchirapakkam SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Vmr Nagar has changed

The guideline value for Vmr Nagar has remained consistent over recent years. In the 2023 revision, the value was Rs 300 per sq.ft, and it has not changed in the 2024 revision, which also lists it at Rs 300 per sq.ft, reflecting a change of +0% between these two revisions. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

To summarize the revisions, the 2024 and 2023 revisions both have a guideline value of Rs 300 per sq.ft. The previous revisions do not provide any figures for Vmr Nagar, indicating a stable value in the more recent years.

Guideline values in Velamoor

In Velamoor, there are three streets under the Acchirapakkam SRO that carry a 2024 guideline value of Rs 300 per sq.ft. This value is equal to the median of Rs 300 per sq.ft for the area. The other streets in Velamoor are as follows:

• R K K Garden: Rs 300 per sq.ft (2024)
• Mahanath Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vmr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Vmr Nagar?

The Sub Registrar Office that covers Vmr Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your local SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Velamoor. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are subject to the same valuation standards, providing consistency and transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vmr Nagar?

The current guideline value of Vmr Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vmr Nagar has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions, with no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Vmr Nagar?

The land classification for Vmr Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Vmr Nagar?

The Sub Registrar Office for Vmr Nagar is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vmr Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.