Guideline Value for VSR NAGAR

Vsr Nagar guideline value

The current guideline value of Vsr Nagar is Rs 426 per sq.ft. This area is located in Kodithandalam village under the Madurandakam SRO, classified as Residential Class I Type - II.

How the guideline value of Vsr Nagar has changed

The guideline value for Vsr Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 425 per sq.ft, which slightly decreased to Rs 285 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, with the 2023 and 2024 revisions both maintaining the value at Rs 426 per sq.ft, indicating no change between these two years.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a total increase of 0%.

Guideline values in Kodithandalam

In Kodithandalam, there are four streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Vsr Nagar's 2024 figure above that median.

• Sri Vinayaga Nagar: Rs 150 per sq.ft (2024)
• K.V. Nagar: Rs 150 per sq.ft (2024)
• J.B.J. Jacob Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vsr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 426 per sq.ft, the total guideline value would be Rs 4,26,000. The stamp duty, charged at 7%, would amount to Rs 29,820, while the registration fee at 2% would be Rs 8,520. Together, the total fees would be Rs 38,340. 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 more details.

Which Sub Registrar Office covers Vsr Nagar?

The Sub Registrar Office that covers Vsr Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodithandalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vsr Nagar?

The current guideline value of Vsr Nagar is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vsr Nagar has remained stable at Rs 426 per sq.ft from 2023 to 2024. It increased from Rs 285 per sq.ft in 2017 to Rs 426 per sq.ft in 2023, marking a 49% increase over that period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,26,000. The stamp duty at 7% is Rs 29,820, and the registration fee at 2% is Rs 8,520, totaling Rs 38,340.

Which Sub Registrar Office covers Vsr Nagar?

The Madurandakam Sub Registrar Office covers Vsr Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification of Vsr Nagar?

Vsr Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.