Guideline Value for VAINAVI CRYSTAL GARDEN

Vainavi Crystal Garden guideline value

The current guideline value of Vainavi Crystal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Thailavaram village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Vainavi Crystal Garden has changed

The guideline value for Vainavi Crystal Garden has seen several revisions over the years. In 2017, the guideline value was set at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Vainavi Crystal Garden's 2024 figure above this median.

• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vallancheri Anna Street (Ward -1): Rs 770 per sq.ft (2024)
• Vallancheri Colony Road (Ward -1): Rs 770 per sq.ft (2024)
• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Varsha Avenue (Po): Rs 881 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vainavi Crystal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vainavi Crystal Garden?

The Chengleput Joint II Sub Registrar Office covers Vainavi Crystal Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial implications of the transaction. It is essential for buyers to understand how this value affects their overall costs during the property registration process.

Frequently asked questions

What is the current guideline value of Vainavi Crystal Garden?

The current guideline value of Vainavi Crystal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for Vainavi Crystal Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Vainavi Crystal Garden?

The Chengleput Joint II Sub Registrar Office covers Vainavi Crystal Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Vainavi Crystal Garden?

Vainavi Crystal Garden falls under the Residential Class I Type - I land classification, indicating its designation for residential purposes.