Guideline Value for Sri Aurobindo Vasantham Nature City

Sri Aurobindo Vasantham Nature City guideline value

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

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

The guideline value for Sri Aurobindo Vasantham Nature City has undergone several revisions over the years. The most recent revisions are as follows: in 2017, the value was Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in both 2023 and 2024, reflecting a change of 49% from 2017 to 2023 and 49% overall from 2017 to 2024. Notably, there were no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value remained unchanged at Rs 200 per sq.ft, indicating a 0% change. This consistency suggests stability in the valuation for the most recent period.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with the median value being 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 600 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 guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Aurobindo Vasantham Nature City?

The Sri Aurobindo Vasantham Nature City falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented at a value that reflects the official rates set by the Registration Department.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall.

What are the other streets in Vadakal_B and their guideline values?

Other streets in Vadakal_B include Sri Aurobindo Nagar Part - II at Rs 150 per sq.ft, Sri Dhanushkodi Garden at Rs 600 per sq.ft, and Sivan Koil Street at Rs 300 per sq.ft, among others.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total fee of Rs 18,000.

Where can I find the Sub Registrar Office for this area?

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