Guideline Value for VR Complex-II

VR Complex-II guideline value

The current guideline value of VR Complex-II, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Type - II.

How the guideline value of VR Complex-II has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,800 per sq.ft, marking a 7% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, 2007, 2012, indicating that no revisions were recorded for this street during those years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing the 2024 figure for VR Complex-II above this median.

• V.R Complex-I: Rs 1,800 per sq.ft (2024)
• Vr Builders Blossom: Rs 2,200 per sq.ft (2024)
• V.O.C. Street: Rs 880 per sq.ft (2024)
• Vijay Nagar: Rs 1,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VIII: Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VII: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in VR Complex-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. 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 more details.

Which Sub Registrar Office covers VR Complex-II?

The Sub Registrar Office covering VR Complex-II is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property in 44.Ayanambakkam, it is essential to be aware of the current guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of VR Complex-II?

The current guideline value of VR Complex-II is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2024, marking a 7% increase. The value remained unchanged in the 2023 revision.

What is the land classification for VR Complex-II?

The land classification for VR Complex-II is Industries Type - II, indicating its designation for industrial use.

What are the stamp duty and registration fees for property in VR Complex-II?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of VR Complex-II?

The Konnur Sub Registrar Office covers the area of VR Complex-II, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.