Guideline Value

Corporate

Guideline Value for VASANTHAM COLONY 4th CROSS STREET

₹9800/sq.ft.

The guideline value for Vasantham Colony 4th 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 4th Cross Street

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VASANTHAM COLONY 4th CROSS STREET guideline value

The current guideline value of VASANTHAM COLONY 4th 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 4th CROSS STREET has changed

Over the years, the guideline value of VASANTHAM COLONY 4th CROSS STREET has seen several revisions. The 2007 revision recorded a value of Rs 7,500 per sq.ft, which increased to Rs 9,000 per sq.ft in the 2012 revision. However, the value then decreased to Rs 6,030 per sq.ft in the 2017 revision. Following this, the guideline value rose significantly to Rs 9,000 per sq.ft in 2023, and further increased by 9% to the current value of Rs 9,800 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was a substantial 49%. The overall change from 2007 to 2024 reflects a growth of 31% in the guideline value per sq.ft.

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 4th CROSS STREET above this median.

Stamp duty and registration fee for property in VASANTHAM COLONY 4th 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, making the total charges 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 4th CROSS STREET?

The Sub Registrar Office that covers VASANTHAM COLONY 4th 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 factor in property transactions in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are paying the correct amount based on the established rates for the area.

Frequently asked questions

What is the current guideline value of VASANTHAM COLONY 4th CROSS STREET?

The current guideline value of VASANTHAM COLONY 4th 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, reflecting an overall increase of 31% over the years.

What is the land classification for VASANTHAM COLONY 4th CROSS STREET?

VASANTHAM COLONY 4th 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 9,800 per sq.ft, the stamp duty is calculated at 7% and the registration fee at 2%, totaling Rs 8,82,000 for a 1,000 sq.ft plot.

Which office handles the registration for VASANTHAM COLONY 4th CROSS STREET?

The Villivakkam Sub Registrar Office handles the registration for VASANTHAM COLONY 4th CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.