Guideline Value for VASANTHAM NAGAR KAVIGNAR KANNADASAN ST

Vasantham Nagar Kavignar Kannadasan St guideline value

The current guideline value of Vasantham Nagar Kavignar Kannadasan St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the jurisdiction of the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vasantham Nagar Kavignar Kannadasan St has changed

Over the years, the guideline value of Vasantham Nagar Kavignar Kannadasan St has undergone several revisions. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking an 8% rise. Looking back further, the value was Rs 804 per sq.ft in 2017, which means there was a significant increase of 87% to reach the 2023 figure. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which represented a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 35%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. This absence of data indicates that the guideline value has been officially documented only from 2012 onwards.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the current guideline value of Vasantham Nagar Kavignar Kannadasan St.

• Vasantham Nagar Jaya Sri St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Main Road: Rs 880 per sq.ft (2024)
• Vasantham Nagar Gandhi St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Ganapathy St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Murugan St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Nehru St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Nagar Kavignar Kannadasan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty, calculated at 7%, would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Therefore, the total cost for stamp duty and registration would be Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Nagar Kavignar Kannadasan St?

The Vasantham Nagar Kavignar Kannadasan St falls under the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. It is the minimum value set by the government for property registration, ensuring that properties are not sold below this value. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This system helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from property sales. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during a transaction.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Kavignar Kannadasan St?

The current guideline value of Vasantham Nagar Kavignar Kannadasan St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value has increased by 35%, moving from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Vasantham Nagar Kavignar Kannadasan St is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vasantham Nagar Kavignar Kannadasan St?

The Sub Registrar Office covering Vasantham Nagar Kavignar Kannadasan St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the other streets in Paruthipattu with the same guideline value?

Several other streets in Paruthipattu have the same guideline value of Rs 1,625 per sq.ft, including Vasantham Nagar Jaya Sri St, Vasantham Nagar Gandhi St, Vasantham Nagar Ganapathy St, Vasantham Nagar Murugan St, and Vasantham Nagar Nehru St.