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. This property is located in Vadakal_C village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

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

The guideline value for this area has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 134 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded a guideline value of Rs 200 per sq.ft. As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same rate of change from 2023 to 2024, which saw no percentage increase.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing the guideline value of Sri Aurobindo Vasantham Nature City below this median.

• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Baba Nagar Phase-IV: Rs 600 per sq.ft (2024)
• Sri Baba Nagar ph.III: Rs 550 per sq.ft (2024)
• S&p Elegance: Rs 205 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 300 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, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total 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.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

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_C

The guideline value is a crucial factor in the registration process of property transactions in Vadakal_C. It determines the minimum value at which a property must be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures transparency and uniformity in property transactions across the region.

Frequently asked questions

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

The current guideline value of 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?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft, reflecting a 49% increase overall by 2024. The value remained unchanged from 2023 to 2024.

What are the guideline values of other streets in Vadakal_C?

Other streets in Vadakal_C have varying guideline values, with rates ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

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 charged at 2%. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total fee of Rs 18,000.

Where is the Sub Registrar Office located 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.