Guideline Value for CASAGRAND ZENITH PHASE-I

Casagrand Zenith Phase-I guideline value

The current guideline value of Casagrand Zenith Phase-I is Rs 3,200 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Residential Class III Type - IV.

How the guideline value of Casagrand Zenith Phase-I has changed

The guideline value for Casagrand Zenith Phase-I has seen several revisions over the years. The earliest recorded revision was in 2017, when the guideline value was Rs 2,010 per sq.ft. This figure was updated in 2023 to Rs 3,005 per sq.ft, marking a significant increase of 50%. The most recent revision in 2024 set the guideline value at Rs 3,200 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Casagrand Zenith Phase-I's 2024 figure above this median.

• Bogar Avenue: Rs 2,730 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 1,900 per sq.ft (2024)
• Bharathi Nagar: Rs 2,700 per sq.ft (2024)
• Bharathiar Nagar: Rs 3,300 per sq.ft (2024)
• Bethel Nagar: Rs 1,650 per sq.ft (2024)
• Devendran Nagar: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Casagrand Zenith Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Casagrand Zenith Phase-I?

The Sub Registrar Office that covers Casagrand Zenith Phase-I is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value plays a crucial role in the registration of property transactions in Vengaivasal. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Casagrand Zenith Phase-I?

The current guideline value of Casagrand Zenith Phase-I is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 59% during this period.

What is the median guideline value for streets in Vengaivasal?

The median guideline value for the 117 streets in Vengaivasal under the Selaiyur SRO is Rs 2,700 per sq.ft, with Casagrand Zenith Phase-I's value above this median.

What are the stamp duty and registration fees for a property in Casagrand Zenith Phase-I?

For a 1,000 sq.ft plot, the total guideline value is Rs 32,00,000. The stamp duty at 7% is Rs 2,24,000, and the registration fee at 2% is Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office covers the area of Casagrand Zenith Phase-I?

The Selaiyur Sub Registrar Office covers Casagrand Zenith Phase-I, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.