Guideline Value for VASANTHAM NAGAR EXTN

Vasantham Nagar Extn guideline value

The current guideline value of Vasantham Nagar Extn is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village and falls under the Chengleput Joint II SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Vasantham Nagar Extn has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft. Following this, the 2023 revision brought the value back to Rs 800 per sq.ft. The most recent 2024 revision also maintains this figure at Rs 800 per sq.ft. Notably, there are no figures for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value saw a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been no change, as the value remains at Rs 800 per sq.ft.

Guideline values in Athur B Block

Athur B Block consists of 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for this area is Rs 700 per sq.ft, placing Vasantham Nagar Extn's 2024 figure above this median.

• Vasantham Nagar Phase1,2,3: Rs 700 per sq.ft (2024)
• Vaishnaiv Nagar: Rs 700 per sq.ft (2024)
• Vaibhav Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Vaibhav Gardens: Rs 700 per sq.ft (2024)
• Venkateswara Nagar: Rs 500 per sq.ft (2024)
• Vgn Water Gardens: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total costs together to Rs 72,000. It is important to note that 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 Nagar Extn?

The Sub Registrar Office that covers Vasantham Nagar Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002., Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Athur B Block. It serves as a benchmark for the value of the property and is used by the registration authorities to calculate the applicable fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Extn?

The current guideline value of Vasantham Nagar Extn is Rs 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 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Vasantham Nagar Extn?

The land classification for Vasantham Nagar Extn is Mixed Special Type - I. This classification can affect the types of developments allowed in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002., Chengalpattu registration zone. This office handles property registrations for the area.

How is stamp duty calculated in Vasantham Nagar Extn?

Stamp duty in Vasantham Nagar Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.