Guideline Value for VASANTHAM NAGAR MAIN ROAD

Vasantham Nagar Main Road guideline value

The current guideline value of Vasantham Nagar Main Road is Rs 880 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Vasantham Nagar Main Road has changed

The guideline value for Vasantham Nagar Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, which is an increase from the 2023 revision of Rs 804 per sq.ft, reflecting a change of +9%. Prior to that, the 2017 revision also recorded the value at Rs 804 per sq.ft, indicating no change from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +9%.

There are no figures recorded for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry 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, placing Vasantham Nagar Main Road's 2024 figure below that median.

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

Stamp duty and registration fee for property in Vasantham Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Nagar Main Road?

The Vasantham Nagar Main Road is covered by 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 details.

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

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

When a buyer or seller approaches the Avadi SRO for registration, the guideline value will be assessed to calculate the necessary fees. This ensures that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Main Road?

The current guideline value of Vasantham Nagar Main Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 804 per sq.ft from 2017 to 2023 and increased to Rs 880 per sq.ft in 2024, marking a total increase of +9% from 2017 to 2024.

What is the land classification of Vasantham Nagar Main Road?

The land classification for Vasantham Nagar Main Road is Mixed Special Type - III.

Where is the Avadi Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Vasantham Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty and registration fee of Rs 79,200.