Guideline Value for Vazhamunusamy Nagar

Vazhamunusamy Nagar guideline value

The current guideline value for Vazhamunusamy Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Vazhamunusamy Nagar has changed

The guideline value for Vazhamunusamy Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw a significant rise to Rs 800 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 880 per sq.ft. The register does not have figures for the years 2002 and 2003.

From 2007 to 2012, there was an increase of 167%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Vazhamunusamy Nagar.

• Varaguvasarl Street @ C.N.Annadurai Street: Rs 1,650 per sq.ft (2024)
• Varadharajapuram Street: Rs 880 per sq.ft (2024)
• Vaniyar Street @ Chairman Sambasivam Street: Rs 1,650 per sq.ft (2024)
• Vagavathi Street: Rs 880 per sq.ft (2024)
• Vagavathi River: Rs 880 per sq.ft (2024)
• Thiruvenkadam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vazhamunusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 8,80,000, the stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. The duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vazhamunusamy Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Vazhamunusamy Nagar. The address is Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Ist Division. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as all parties are aware of the official value set by the government.

Frequently asked questions

What is the current guideline value of Vazhamunusamy Nagar?

The current guideline value of Vazhamunusamy Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, with various increases and decreases in between.

What are other streets in Ist Division with the same guideline value?

Other streets in Ist Division with a guideline value of Rs 880 per sq.ft include Varadharajapuram Street, Vagavathi Street, Vagavathi River, and Thiruvenkadam Nagar.

Where is the Kanchipuram Joint IV SRO located?

The Kanchipuram Joint IV SRO is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated based on the guideline value?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.