Guideline Value for VASANTHAM AVENUE

Vasantham Avenue guideline value

The current guideline value of Vasantham Avenue is Rs 1,000 per sq.ft, as per the 2023 revision. This street is located in Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Vasantham Avenue has changed

Over the years, the guideline value of Vasantham Avenue has seen several revisions. The earliest recorded value was Rs 150 per sq.ft in the 2007 revision. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a remarkable increase of 567%. However, the value then dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 567%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Vasantham Avenue is one of the streets listed under the Gooduvancheri SRO. There are no other streets in Kolapakkam provided in the available data.

Stamp duty and registration fee for property in Vasantham Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Avenue?

The Sub Registrar Office that covers Vasantham Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO by visiting find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasantham Avenue?

The current guideline value of Vasantham Avenue is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for Vasantham Avenue?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Vasantham Avenue?

The Gooduvancheri Sub Registrar Office covers Vasantham Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Kolapakkam with guideline values?

Currently, there are no other streets in Kolapakkam provided in the available data, and no specific village figures are available.