Guideline Value for Value Nagar

Value Nagar guideline value

The current guideline value of Value Nagar, located in Karunilam village under the Chengleput Joint II SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Value Nagar has changed

In the 2024 revision, the guideline value for Value Nagar is set at Rs 400 per sq.ft, which remains unchanged from the 2023 revision, where it was also Rs 400 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since there have been no changes in the guideline value from 2023 to 2024, the value has remained stable at Rs 400 per sq.ft. This consistency indicates that the guideline value for Value Nagar has not fluctuated in recent years.

Guideline values in Karunilam

In Karunilam, there are 35 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 501 per sq.ft. Value Nagar's 2024 figure is below this median.

• Veera Dharani Nagar: Rs 700 per sq.ft (2024)
• Vip Nagar: Rs 700 per sq.ft (2024)
• Sri Sathiya Sai Nagar Phase- 4: Rs 600 per sq.ft (2024)
• Sri Ram Nagar Extn -II: Rs 500 per sq.ft (2024)
• Sri Ram Nagar Extn -I: Rs 500 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Value Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. 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 Value Nagar?

The Sub Registrar Office that covers Value Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Karunilam

The guideline value is a crucial factor in the registration of property transactions in Karunilam. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties and fees, ensuring that both parties comply with the legal requirements for property registration.

Frequently asked questions

What is the current guideline value of Value Nagar?

The current guideline value of Value Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Value Nagar has remained unchanged at Rs 400 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Karunilam?

Other streets in Karunilam have varying guideline values, ranging from Rs 400 to Rs 1,200 per sq.ft. For example, Veera Dharani Nagar and Vip Nagar both have a guideline value of Rs 700 per sq.ft in 2024.

How is the stamp duty calculated for properties in Value Nagar?

Stamp duty for properties in Value Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000.

Where is the Sub Registrar Office for Value Nagar located?

The Chengleput Joint II Sub Registrar Office, which covers Value Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration activities for the area.