Guideline Value for CASAGRAND VISTAAZ

Casagrand Vistaaz guideline value

The current guideline value of Casagrand Vistaaz in Nedunkumdram village is Rs 3,300 per sq.ft, effective from the 2024 revision. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - IV.

How the guideline value of Casagrand Vistaaz has changed

In the 2017 revision, the guideline value for Casagrand Vistaaz was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 2,000 per sq.ft. However, with the 2024 revision, the guideline value increased significantly to Rs 3,300 per sq.ft, reflecting a 65% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Casagrand Vistaaz above this median.

• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)
• Devaraj Nagar: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar Extension: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar I to IV: Rs 1,430 per sq.ft (2024)
• Balasubramaniyam Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Divya Garden: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Casagrand Vistaaz

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Casagrand Vistaaz?

The Sub Registrar Office that covers Casagrand Vistaaz is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nedunkumdram, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The higher of the guideline value and the sale price is taken into account for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Casagrand Vistaaz?

The current guideline value of Casagrand Vistaaz is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a 65% increase. There was no change in the value between the 2017 and 2023 revisions.

What is the median guideline value in Nedunkumdram?

The median guideline value for streets in Nedunkumdram is Rs 2,200 per sq.ft. Casagrand Vistaaz's guideline value is above this median.

What are the stamp duty and registration fees for Casagrand Vistaaz?

The total stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 2,31,000, with a registration fee of Rs 66,000, bringing the total to Rs 2,97,000.

Which office handles the registration for Casagrand Vistaaz?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Casagrand Vistaaz, located at No.26, Mes Road, East Tambaram, Chennai-600059.