Guideline Value for VAIBAV GARDENS

Vaibav Gardens guideline value

The current guideline value of Vaibav Gardens is Rs 495 per sq.ft, effective from 1 July 2024. This area is located in Aarampakkam village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vaibav Gardens has changed

The guideline value register for Vaibav Gardens shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which set the guideline value at Rs 495 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in any of the previous revisions. Therefore, the current guideline value represents the first officially recorded figure for Vaibav Gardens.

Guideline values in Aarampakkam

Aarampakkam village has 10 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 115 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Vaibav Gardens above this median.

• Vignesh Avenue: Rs 275 per sq.ft (2024)
• New City Layout: Rs 165 per sq.ft (2024)
• Ecr Sai Enclave Phase I: Rs 115 per sq.ft (2024)
• Coastal Redidency: Rs 385 per sq.ft (2024)
• Coastal Castle: Rs 385 per sq.ft (2024)
• Birundhavan Garden: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Vaibav Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value would be Rs 4,95,000. The stamp duty at 7% would amount to Rs 34,650, and the registration fee at 2% would be Rs 9,900, bringing the total charges to Rs 44,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Vaibav Gardens?

The Sub Registrar Office that covers Vaibav Gardens is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Aarampakkam, the guideline value is an essential factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for calculating these fees, ensuring that all transactions are recorded at a standard rate set by the local authorities.

It is crucial for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Proper understanding of this value can help in better financial planning during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vaibav Gardens?

The current guideline value of Vaibav Gardens is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Vaibav Gardens in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

What is the land classification of Vaibav Gardens?

Vaibav Gardens is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Vaibav Gardens?

For a property valued at the guideline value of Rs 4,95,000, the stamp duty would be Rs 34,650, and the registration fee would be Rs 9,900, totaling Rs 44,550.

Which office handles registrations for Vaibav Gardens?

The Thirukazhukundram Sub Registrar Office handles registrations for Vaibav Gardens, located at Thiruchengode - 637 211, Chengalpattu registration zone.