Guideline Value for Compact Homes-Vasanthaa

Compact Homes-Vasanthaa guideline value

The current guideline value of Compact Homes-Vasanthaa is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Karanaithangal village, under the Sunguvarchattram SRO, and falls under the Commercial Class I Type - II land classification.

How the guideline value of Compact Homes-Vasanthaa has changed

Looking at the revisions, the guideline value for this street has seen several changes over the years. In 2012, the value was Rs 1,000 per sq.ft, which then dropped to Rs 670 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and this figure remains unchanged in the 2024 revision, reflecting a 0% change from 2023 to 2024. The 2017 to 2023 period saw an increase of 49%, while the overall change from 2012 to 2024 is 0%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 471 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing the Compact Homes-Vasanthaa value above that median.

• Compact Homs-Atana: Rs 1,000 per sq.ft (2024)
• Compact Homes-Megha: Rs 1,000 per sq.ft (2024)
• Compact Homes-Madhulika: Rs 1,000 per sq.ft (2024)
• Amman Koil Street: Rs 500 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)
• JanRathinam Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Homes-Vasanthaa

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. 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 Compact Homes-Vasanthaa?

The Sub Registrar Office that covers Compact Homes-Vasanthaa is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Karanaithangal. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value will be considered alongside the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Compact Homes-Vasanthaa?

The current guideline value of Compact Homes-Vasanthaa is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a drop to Rs 670 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What are the other streets in Karanaithangal with guideline values?

Other streets in Karanaithangal include Compact Homs-Atana, Compact Homes-Megha, Compact Homes-Madhulika, Amman Koil Street, Ambethkar Street, and JanRathinam Nagar, with values ranging from Rs 500 to Rs 1,000 per sq.ft in 2024.

What is the stamp duty rate for properties in Compact Homes-Vasanthaa?

The stamp duty rate for properties in Compact Homes-Vasanthaa is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Compact Homes-Vasanthaa?

The Sub Registrar Office for Compact Homes-Vasanthaa is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.