Guideline Value for Sri Arabindo Nagar (Vasantham Nature City)

Sri Arabindo Nagar (Vasantham Nature City) guideline value

The current guideline value of Sri Arabindo Nagar (Vasantham Nature City) is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Arabindo Nagar (Vasantham Nature City) has changed

The guideline value for Sri Arabindo Nagar has remained consistent at Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 134 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the overall increase from 2017 to 2024 is also 49%.

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

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Sri Arabindo Nagar is below this median.

• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sowndari garden: Rs 600 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Sornambiga Nagar: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Arabindo Nagar (Vasantham Nature City)

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 is charged at 7%, totaling Rs 14,000, and the registration fee is charged at 2%, totaling Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to note that 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 Sri Arabindo Nagar (Vasantham Nature City)?

The Sub Registrar Office that covers Sri Arabindo Nagar (Vasantham Nature City) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Arabindo Nagar?

The current guideline value of Sri Arabindo Nagar (Vasantham Nature City) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification of Sri Arabindo Nagar?

Sri Arabindo Nagar (Vasantham Nature City) is classified as Residential Class III Type - I.

Which office handles registrations for properties in Sri Arabindo Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for properties in Sri Arabindo Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vallam_B?

Stamp duty for properties in Vallam_B is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.