Guideline Value

Corporate

Guideline Value for VASANTHAM COLONY 3rd CROSS STREET

₹9800/sq.ft.

The guideline value for Vasantham Colony 3rd 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 3rd Cross Street

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VASANTHAM COLONY 3rd CROSS STREET guideline value

The current guideline value of VASANTHAM COLONY 3rd 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, classified as Residential Class I Type - III.

How the guideline value of VASANTHAM COLONY 3rd CROSS STREET has changed

The guideline value for VASANTHAM COLONY 3rd CROSS STREET has seen several revisions over the years. In 2007, the value was Rs 7,500 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 6,030 per sq.ft. The 2023 revision brought it back up to Rs 9,000 per sq.ft, and the most recent revision in 2024 set it at Rs 9,800 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%. The value then rose by 9% from 2023 to 2024. 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 that carry 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 3rd CROSS STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in VASANTHAM COLONY 3rd 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 would be Rs 98,00,000. The stamp duty at 7% would amount to Rs 6,86,000, and the registration fee at 2% would be Rs 1,96,000, bringing the total costs together to Rs 8,82,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VASANTHAM COLONY 3rd CROSS STREET?

The Sub Registrar Office that covers VASANTHAM COLONY 3rd 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the buyer and seller must consider the guideline value as it influences the overall costs involved in the transaction. The duty is charged based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of VASANTHAM COLONY 3rd CROSS STREET?

The current guideline value of VASANTHAM COLONY 3rd 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 from Rs 7,500 per sq.ft in 2007 to Rs 9,800 per sq.ft in 2024, with various revisions in between. Notably, there was a significant increase of 49% from 2017 to 2023.

What is the land classification for VASANTHAM COLONY 3rd CROSS STREET?

VASANTHAM COLONY 3rd CROSS STREET is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

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

Which office handles registrations for VASANTHAM COLONY 3rd CROSS STREET?

The Villivakkam Sub Registrar Office handles registrations for VASANTHAM COLONY 3rd CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.