Guideline Value for Vaikai Nagar Ext-II

Vaikai Nagar Ext-II guideline value

The current guideline value of Vaikai Nagar Ext-II is Rs 1,102 per sq.ft, effective from 1 July 2024. This property is located in Allappakkam village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Vaikai Nagar Ext-II has changed

The guideline value for Vaikai Nagar Ext-II has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,100 per sq.ft, which remained unchanged in the 2023 revision. However, the current 2024 revision has slightly increased the value to Rs 1,102 per sq.ft, reflecting a 0% change from the previous year. Looking further back, the 2017 revision recorded a value of Rs 737 per sq.ft, marking a significant increase of 49% by 2023. The value in 2012 was also Rs 1,100 per sq.ft, resulting in a decrease of 33% to the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is equal to the guideline value of Vaikai Nagar Ext-II.

• Vaikai Nagar Ext-I: Rs 1,102 per sq.ft (2024)
• Vaikai Nagar: Rs 1,102 per sq.ft (2024)
• Thirustar Rani Managar: Rs 1,200 per sq.ft (2024)
• Thirumugan Avanue: Rs 800 per sq.ft (2024)
• Thirukazhukundam Road: Rs 1,500 per sq.ft (2024)
• Sun City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Vaikai Nagar Ext-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, making the total cost for these charges Rs 99,180. 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 Vaikai Nagar Ext-II?

The Sub Registrar Office that covers Vaikai Nagar Ext-II is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Allappakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the property transaction. The guideline value is also a reference point for determining the fair value of properties in the area.

Frequently asked questions

What is the current guideline value of Vaikai Nagar Ext-II?

The current guideline value of Vaikai Nagar Ext-II is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,102 per sq.ft in 2024, showing no percentage change. The value increased from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, marking a 49% rise.

What is the land classification for Vaikai Nagar Ext-II?

Vaikai Nagar Ext-II is classified as Residential Special Type - III. This classification indicates the type of development and usage permitted in this area.

Where can I find the Sub Registrar Office for Vaikai Nagar Ext-II?

The Sub Registrar Office for Vaikai Nagar Ext-II is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Vaikai Nagar Ext-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,02,000, the stamp duty at 7% would be Rs 77,140.