Guideline Value for VTB KUBERAN GARDEN

Vtb Kuberan Garden guideline value

The current guideline value of Vtb Kuberan Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kerugambakkam village, under the Pammal SRO, and is classified as Commercial Special Type - I.

How the guideline value of Vtb Kuberan Garden has changed

The guideline value for Vtb Kuberan Garden has undergone several revisions over the years. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, reflecting a change of +10%.

This increase in the guideline value indicates a notable adjustment in property valuation in the area. The current figure of Rs 3,300 per sq.ft is above the median guideline value of Rs 2,200 per sq.ft for the 144 streets in Kerugambakkam that have a 2024 figure.

Guideline values in Kerugambakkam

In Kerugambakkam, the guideline values for various streets range from Rs 1,100 to Rs 4,800 per sq.ft, with a median of Rs 2,200 per sq.ft. Vtb Kuberan Garden's 2024 guideline value of Rs 3,300 per sq.ft is above this median. Below are the guideline values for other streets in Kerugambakkam:

• VOC Street: Rs 1,650 per sq.ft (2024)
• V.J. Nagar: Rs 1,980 per sq.ft (2024)
• Yes Vee Garden: Rs 4,185 per sq.ft (2024)
• Visalakshi Nagar: Rs 1,980 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,840 per sq.ft (2024)
• Vigneshwara Nagar (ward 7): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vtb Kuberan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these charges Rs 2,97,000. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Vtb Kuberan Garden?

The Sub Registrar Office that covers Vtb Kuberan Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kerugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price to ensure that the appropriate fees are calculated based on the higher amount. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vtb Kuberan Garden?

The current guideline value of Vtb Kuberan Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Vtb Kuberan Garden?

Vtb Kuberan Garden is classified as Commercial Special Type - I.

Where can I find the Sub Registrar Office for Vtb Kuberan Garden?

The Sub Registrar Office for Vtb Kuberan Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Kerugambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.