Guideline Value for Varsha Nagar Annexe

Varsha Nagar Annexe guideline value

The current guideline value of Varsha Nagar Annexe is Rs 1,540 per sq.ft. It is located in Kunrathour-B village under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Varsha Nagar Annexe has changed

The guideline value for Varsha Nagar Annexe has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision set the value at Rs 1,540 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Varsha Nagar Annexe.

• Varsha Nagar: Rs 1,540 per sq.ft (2024)
• Vannia Street: Rs 1,540 per sq.ft (2024)
• Velan Nagar: Rs 1,540 per sq.ft (2024)
• Vaithilingam Nagar: Rs 4,580 per sq.ft (2024)
• Velmurugan Nagar: Rs 1,540 per sq.ft (2024)
• Vel Nagar / Extension: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Varsha Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Varsha Nagar Annexe?

The Sub Registrar Office that covers Varsha Nagar Annexe is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It helps determine the stamp duty and registration fees payable at the time of registration, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value serves as a reference point for the value of the property. It is important for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Varsha Nagar Annexe?

The current guideline value of Varsha Nagar Annexe is Rs 1,540 per sq.ft as per the 2024 revision.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%. The value rose from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024.

What is the land classification for Varsha Nagar Annexe?

Varsha Nagar Annexe is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Varsha Nagar Annexe?

The Sub Registrar Office for Varsha Nagar Annexe is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,540 per sq.ft incurs a total guideline value of Rs 15,40,000.