Guideline Value

Corporate

Guideline Value for VASANTHAM COLONY 1st CROSS STREET

₹9800/sq.ft.

The guideline value for Vasantham Colony 1st Cross Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 9800 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹9800 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹7500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vasantham Colony 1st Cross Street

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VASANTHAM COLONY 1st CROSS STREET guideline value

The current guideline value of VASANTHAM COLONY 1st CROSS STREET is Rs 9,800 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO and is classified as Residential Class I Type - III.

How the guideline value of VASANTHAM COLONY 1st CROSS STREET has changed

Over the years, the guideline value for VASANTHAM COLONY 1st CROSS STREET has seen several revisions. The 2024 revision set the value at Rs 9,800 per sq.ft, an increase from Rs 9,000 per sq.ft in 2023, marking a 9% rise. Prior to that, the value was Rs 6,030 per sq.ft in 2017, which indicates a significant increase of 49% over six years. The register has no figure for the years 2002 and 2003.

In earlier revisions, the guideline value was Rs 9,000 per sq.ft in 2012, which was a decrease of 33% from Rs 7,500 per sq.ft in 2007, reflecting changes in the real estate landscape. Overall, from 2007 to 2024, the guideline value has increased by 31%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing VASANTHAM COLONY 1st CROSS STREET above this median.

Stamp duty and registration fee for property in VASANTHAM COLONY 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 9,800 per sq.ft, the total guideline value amounts to Rs 98,00,000. The stamp duty at 7% would be Rs 6,86,000, and the registration fee at 2% would be Rs 1,96,000, bringing the total cost to Rs 8,82,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VASANTHAM COLONY 1st CROSS STREET?

The VASANTHAM COLONY 1st CROSS STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees during the sale process.

When purchasing property, it is essential to understand that the guideline value may differ from the actual sale price. The stamp duty is levied based on the higher of the two values, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VASANTHAM COLONY 1st CROSS STREET?

The current guideline value of VASANTHAM COLONY 1st CROSS STREET is Rs 9,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 6,030 per sq.ft in 2017 to Rs 9,800 per sq.ft in 2024, reflecting a 49% increase. The value was Rs 9,000 per sq.ft in 2023 and Rs 9,000 per sq.ft in 2012, with various changes in between.

What is the land classification for VASANTHAM COLONY 1st CROSS STREET?

VASANTHAM COLONY 1st CROSS STREET is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 98,00,000, the stamp duty is Rs 6,86,000 and the registration fee is Rs 1,96,000, totaling Rs 8,82,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for VASANTHAM COLONY 1st CROSS STREET?

The Villivakkam Sub Registrar Office handles registrations for VASANTHAM COLONY 1st CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.