Guideline Value for B.V.S.VASANTHAM NAGAR

B.V.S.Vasantham Nagar guideline value

The current guideline value of B.V.S.Vasantham Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of B.V.S.Vasantham Nagar has changed

The guideline value for B.V.S.Vasantham Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 150 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, it dropped to Rs 134 per sq.ft in 2017, before rising to Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The value remained unchanged from 2023 to 2024, indicating a stable rate of Rs 200 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 33%.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with the median being Rs 200 per sq.ft. B.V.S.Vasantham Nagar's 2024 figure aligns with this median.

• Danduma Nagar: Rs 200 per sq.ft (2024)
• Darma Raja Kovil Street: Rs 250 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• Eswaran Koil Street: Rs 600 per sq.ft (2024)
• Ambedhkar Nagar: Rs 160 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in B.V.S.Vasantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.V.S.Vasantham Nagar?

The Sub Registrar Office that covers B.V.S.Vasantham Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Periyapalayam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring compliance with local regulations.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions reflect the appropriate value as per the government’s records.

Frequently asked questions

What is the current guideline value of B.V.S.Vasantham Nagar?

The current guideline value of B.V.S.Vasantham Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in both 2023 and 2024.

What factors influence the guideline value?

The guideline value is influenced by various factors, including the location, land classification, and historical revisions that reflect changes in the real estate market over time.

What are the stamp duty rates in B.V.S.Vasantham Nagar?

The stamp duty rate for properties in B.V.S.Vasantham Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about the registration office?

The registration office for B.V.S.Vasantham Nagar is the Arani_Tiruvallur Sub Registrar Office, and you can find more information by visiting the provided link to locate your SRO.