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Guideline Value

Corporate

Guideline Value for Vijalakshmi Nagar Annex

₹3520/sq.ft.

The guideline value for Vijalakshmi Nagar Annex in Kattupakkam village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kattupakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹529 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹146 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vijalakshmi Nagar Annex

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Vijalakshmi Nagar Annex guideline value

The current guideline value of Vijalakshmi Nagar Annex is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vijalakshmi Nagar Annex has changed

The guideline value for Vijalakshmi Nagar Annex has seen significant changes over the years. In 2003, the guideline value was Rs 146 per sq.ft, which increased to Rs 529 per sq.ft in 2007, marking a 262% rise. The value then surged to Rs 3,200 per sq.ft in 2012, reflecting a remarkable 505% increase. However, it dropped to Rs 2,144 per sq.ft in 2017, showing a decrease of 33%. The value rose again to Rs 3,200 per sq.ft in 2023, and finally, it reached Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2311%. The register has no figure for this street for the year 2002.

Guideline values in Kattupakkam

Kattupakkam has 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Vijalakshmi Nagar Annex above this median.

Stamp duty and registration fee for property in Vijalakshmi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijalakshmi Nagar Annex?

The Vijalakshmi Nagar Annex falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Kattupakkam. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijalakshmi Nagar Annex?

The current guideline value of Vijalakshmi Nagar Annex is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 146 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 2311%.

What is the registration fee for property in Vijalakshmi Nagar Annex?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 35,20,000, the registration fee would be Rs 70,400.

Where can I find the Sub Registrar Office for Vijalakshmi Nagar Annex?

The Kunrathur Sub Registrar Office covers Vijalakshmi Nagar Annex, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kattupakkam?

Stamp duty is charged at 7% of the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.