Guideline Value for VASANTHA NAGAR

Vasantha Nagar guideline value

The current guideline value of Vasantha Nagar, a village in Uthukkadu - A under the Walajabad SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - I.

How the guideline value of Vasantha Nagar has changed

In the 2017 revision, the guideline value for Vasantha Nagar was Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 350 per sq.ft. As of the 2024 revision, the guideline value is still Rs 350 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, and overall, from 2017 to 2024, there has been a 50% increase as well. The guideline value has remained stable at Rs 350 per sq.ft since 2023.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Vasantha Nagar's 2024 guideline value is equal to this median.

• Vaisnavi Avenue Phase -I: Rs 350 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Victory Avenue: Rs 400 per sq.ft (2024)
• Vijaya Garden Cottage: Rs 400 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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.

Which Sub Registrar Office covers Vasantha Nagar?

The Sub Registrar Office that covers Vasantha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor in property transactions in Uthukkadu - A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vasantha Nagar?

The current guideline value of Vasantha Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased by 50%, from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023 and 2024. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Uthukkadu - A?

The median guideline value in Uthukkadu - A is Rs 350 per sq.ft, with values ranging from Rs 200 to Rs 800 per sq.ft across 38 streets.

What are the stamp duty and registration fees for properties in Vasantha Nagar?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. This is calculated based on the guideline value of Rs 350 per sq.ft.

Where is the Sub Registrar Office for Vasantha Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all registration activities for Vasantha Nagar.