Guideline Value for VASANTHAM GARDEN

Vasantham Garden guideline value

The current guideline value of Vasantham Garden, located in Agaram village under the Thiruporur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Vasantham Garden has changed

The guideline value for Vasantham Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 300 per sq.ft. The 2017 revision had a lower value of Rs 201 per sq.ft, indicating a decrease of 33% from the 2012 figure. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The most recent revision in 2024 has maintained this value, showing no change from the previous year.

Guideline values in Agaram

Agaram village has six streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Vasantham Garden's 2024 figure above that median.

• Sri Balaji Nagar Phase III: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar Phase II: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Lake Town Avenue Extention: Rs 300 per sq.ft (2024)
• Annamalaiar Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Garden?

The Sub Registrar Office that covers Vasantham Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Agaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vasantham Garden?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with fluctuations in earlier revisions. The most notable change was a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

Where can I find the registration office for Vasantham Garden?

The registration office for Vasantham Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Vasantham Garden?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Vasantham Garden?

The land classification for Vasantham Garden is Residential Special Type - I, which defines its use and development potential.