Guideline Value for VASANTHAM NAGAR PHASE1,2,3

Vasantham Nagar Phase1,2,3 guideline value

The current guideline value for Vasantham Nagar Phase1,2,3 is Rs 700 per sq.ft. This area is located in Athur B Block village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Vasantham Nagar Phase1,2,3 has changed

Since the 2012 revision, the guideline value has remained stable at Rs 700 per sq.ft in both the 2012 and 2024 revisions. The 2017 revision saw a decrease to Rs 469 per sq.ft, followed by a significant increase to Rs 700 per sq.ft in the 2023 revision, maintaining the same value in 2024, resulting in a change of +49% from 2017 to 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 700 per sq.ft.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value is Rs 700 per sq.ft, which matches the guideline value for Vasantham Nagar Phase1,2,3.

• Vasantham Nagar Extn: Rs 800 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 Phase1,2,3

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Phase1,2,3?

The Vasantham Nagar Phase1,2,3 area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 serves as a benchmark for property transactions in Athur B Block. It is essential for calculating stamp duty and registration fees during the purchase or sale of property.

When registering a property, the guideline value is used to determine the applicable duties and fees, ensuring that both buyers and sellers comply with local regulations.

Frequently asked questions

What is the current guideline value for Vasantham Nagar Phase1,2,3?

The current guideline value for Vasantham Nagar Phase1,2,3 is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the 2012 and 2024 revisions. It decreased to Rs 469 per sq.ft in 2017 and increased to Rs 700 per sq.ft in 2023.

What is the land classification for Vasantham Nagar Phase1,2,3?

Vasantham Nagar Phase1,2,3 is classified as Residential Special Type - I under the Chengleput Joint II SRO.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Vasantham Nagar Phase1,2,3?

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 Rs 700 per sq.ft results in a total guideline value of Rs 7,00,000.