Guideline Value for VASANTHAM GARDEN

Vasantham Garden guideline value

The current guideline value of Vasantham Garden is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Alathoor village, under the Thiruporur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vasantham Garden has changed

The guideline value for Vasantham Garden has seen several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2012. This figure changed to Rs 201 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 700 per sq.ft, marking a rise of 248%. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is a 10% increase from the previous year.

There are no recorded guideline values for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 157% from the 2012 revision to the current 2024 figure.

Guideline values in Alathoor

In Alathoor, there are four streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 1,500 per sq.ft. The median value for these streets is Rs 943 per sq.ft, placing Vasantham Garden's 2024 guideline value below that median.

• Omr (A) Rajiv Gandhi Salai: Rs 885 per sq.ft (2024)
• Eshwar Avenue: Rs 1,000 per sq.ft (2024)
• Serasa Kavilayaa: Rs 1,500 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. 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 detailed calculations.

Which Sub Registrar Office covers Vasantham Garden?

The Vasantham Garden area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Alathoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When conducting a transaction, buyers and sellers must be aware that the guideline value is used to calculate the fees, ensuring compliance with local regulations. It is essential to refer to the latest guideline values for accurate calculations during the registration process.

Frequently asked questions

What is the current guideline value of Vasantham Garden?

The current guideline value of Vasantham Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 770 per sq.ft in 2024, which is an overall increase of 157% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Which Sub Registrar Office covers Vasantham Garden?

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

What is the land classification of Vasantham Garden?

Vasantham Garden is classified as Residential Special Type - I, indicating its designated use for residential purposes.