Guideline Value

Corporate

Guideline Value for VASANTHAM COLONY 5th CROSS STREET

₹9800/sq.ft.

The guideline value for Vasantham Colony 5th 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 5th Cross Street

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VASANTHAM COLONY 5th CROSS STREET guideline value

The current guideline value of VASANTHAM COLONY 5th 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 5th CROSS STREET has changed

The guideline value for VASANTHAM COLONY 5th 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, marking a 20% rise. However, the value then dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 9,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 9,800 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. 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. The guideline value of VASANTHAM COLONY 5th CROSS STREET is above this median.

Stamp duty and registration fee for property in VASANTHAM COLONY 5th CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 9,800 per sq.ft, the 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VASANTHAM COLONY 5th CROSS STREET?

The Sub Registrar Office that covers VASANTHAM COLONY 5th CROSS STREET is 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 information.

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 stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When purchasing or selling property, the guideline value helps in assessing the legal value of the property, which is essential for documentation and tax purposes. It is important to refer to the latest guideline values to avoid discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of VASANTHAM COLONY 5th CROSS STREET?

The current guideline value of VASANTHAM COLONY 5th 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, with the most recent increase being from Rs 9,000 per sq.ft in 2023 to Rs 9,800 per sq.ft in 2024, a 9% rise. Overall, from 2007 to 2024, the value has increased by 31%.

What are the stamp duty and registration fees for property in VASANTHAM COLONY 5th CROSS STREET?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 8,82,000, which includes Rs 6,86,000 for stamp duty and Rs 1,96,000 for registration fees.

Which Sub Registrar Office is responsible for VASANTHAM COLONY 5th CROSS STREET?

The Villivakkam Sub Registrar Office is responsible for VASANTHAM COLONY 5th CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for VASANTHAM COLONY 5th CROSS STREET?

VASANTHAM COLONY 5th CROSS STREET is classified as Residential Class I Type - III, which indicates its suitability for residential development.