Guideline Value for VASANTHAM GARDEN EAST AVENUE

Vasantham Garden East Avenue guideline value

The current guideline value of Vasantham Garden East Avenue is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Vasantham Garden East Avenue has changed

The guideline value for Vasantham Garden East Avenue has seen several revisions over the years. In 2002, the value was Rs 503 per sq.ft. This increased to Rs 552 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, an increase of 45%. The next revision in 2012 saw the value at Rs 4,000 per sq.ft, which was a substantial increase of 400% from the previous figure. However, between 2012 and 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The 2023 revision brought the value up to Rs 4,000 per sq.ft, and the most recent revision in 2024 set it at Rs 4,300 per sq.ft, reflecting an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 755%. There are no figures in the register for the years not mentioned above for this street.

Guideline values in Perambur

In Perambur, the guideline values range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Vasantham Garden East Avenue's 2024 guideline value of Rs 4,300 per sq.ft is above this median.

• Vasan Street: Rs 3,800 per sq.ft (2024)
• Vasugi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Garden East Avenue

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value is Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, together totaling Rs 3,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasantham Garden East Avenue?

The Sub Registrar Office that covers Vasantham Garden East Avenue is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Perambur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in assessing the financial obligations related to property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasantham Garden East Avenue?

The current guideline value of Vasantham Garden East Avenue is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 503 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 755% over the years.

What is the stamp duty for property in Vasantham Garden East Avenue?

The stamp duty for property in Vasantham Garden East Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vasantham Garden East Avenue located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covering Vasantham Garden East Avenue.

What are the guideline values of other streets in Perambur?

Other streets in Perambur have varying guideline values, with Vasan Street at Rs 3,800 per sq.ft and several streets in Vasugi Nagar at Rs 2,200 per sq.ft as of 2024.