Guideline Value for Sri Aurobindo Vasantham Nature City

Sri Aurobindo Vasantham Nature City guideline value

The current guideline value of Sri Aurobindo Vasantham Nature City is Rs 200 per sq.ft, effective from 1 July 2024. It is located in Vadakal village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Aurobindo Vasantham Nature City has changed

Since the 2012 revision, the guideline value has remained stable overall, with the current value being Rs 200 per sq.ft. The 2017 revision saw a significant increase to Rs 134 per sq.ft, which was a 49% rise from the previous 2012 figure of Rs 200 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, showing no change from the 2024 revision.

In the earlier revisions, the 2007, 2003, and 2002 registers have no figures for this street. The 2012 revision marked a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sri Aurobindo Vasantham Nature City is below this median.

• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 610 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aurobindo Vasantham Nature City

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Please 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 Sri Aurobindo Vasantham Nature City?

The Sub Registrar Office that covers Sri Aurobindo 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 Vadakal

The guideline value plays a crucial role when buying or selling property in Vadakal. It is the basis for calculating the stamp duty and registration fees, which are mandatory during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will charge the stamp duty on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Sri Aurobindo Vasantham Nature City?

The current guideline value for Sri Aurobindo 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 stable at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for this area?

Sri Aurobindo Vasantham Nature City is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for this property?

The registration office for Sri Aurobindo Vasantham Nature City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty for properties in Sri Aurobindo Vasantham Nature City is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.