Guideline Value

Corporate

Guideline Value for VASANTHAM COLONY 2nd CROSS STREET

₹9800/sq.ft.

The guideline value for Vasantham Colony 2nd 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 2nd Cross Street

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VASANTHAM COLONY 2nd CROSS STREET guideline value

The current guideline value of VASANTHAM COLONY 2nd CROSS STREET is Rs 9,800 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of VASANTHAM COLONY 2nd CROSS STREET has changed

The guideline value for VASANTHAM COLONY 2nd CROSS STREET has seen several revisions over the years. The 2007 revision set the value at Rs 7,500 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012. However, there was a significant drop to Rs 6,030 per sq.ft in 2017. Following this, the value rose sharply to Rs 9,000 per sq.ft in 2023, and then further increased to the current value of Rs 9,800 per sq.ft in 2024. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is 9%. Overall, from the 2007 revision to the current value in 2024, there has been an increase of 31% in the guideline value.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. VASANTHAM COLONY 2nd CROSS STREET's current value of Rs 9,800 per sq.ft is above this median.

Stamp duty and registration fee for property in VASANTHAM COLONY 2nd 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 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VASANTHAM COLONY 2nd CROSS STREET?

The Sub Registrar Office that covers VASANTHAM COLONY 2nd CROSS STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a crucial aspect during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of VASANTHAM COLONY 2nd CROSS STREET?

The current guideline value of VASANTHAM COLONY 2nd 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 several times, starting from Rs 7,500 per sq.ft in 2007, increasing to Rs 9,000 in 2012, dropping to Rs 6,030 in 2017, rising to Rs 9,000 in 2023, and finally reaching Rs 9,800 in 2024.

What is the land classification for VASANTHAM COLONY 2nd CROSS STREET?

The land classification for VASANTHAM COLONY 2nd CROSS STREET is Residential Class I Type - III.

What is the stamp duty rate for properties in VASANTHAM COLONY 2nd CROSS STREET?

The stamp duty rate for properties in VASANTHAM COLONY 2nd CROSS STREET is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Villivakkam Sub Registrar Office covers VASANTHAM COLONY 2nd CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.