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Guideline Value

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Guideline Value for VASANTHAM NAGAR S.NOS.539/1, 540/1A

₹880/sq.ft.

The guideline value for Vasantham Nagar S.nos.539/1, 540/1a in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vasantham Nagar S.nos.539/1, 540/1a

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Vasantham Nagar S.Nos.539/1, 540/1a guideline value

The current guideline value for Vasantham Nagar S.Nos.539/1, 540/1a is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village and falls under the Padappai SRO. The land classification is Residential Class IV Type - I.

How the guideline value of Vasantham Nagar S.Nos.539/1, 540/1a has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and then further rose to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

Varadarajapuram has a range of guideline values across its 250 streets under the Padappai SRO, with figures varying from Rs 880 to Rs 4,100 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, indicating that Vasantham Nagar S.Nos.539/1, 540/1a's 2024 figure is below this median.

Stamp duty and registration fee for property in Vasantham Nagar S.Nos.539/1, 540/1a

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, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 S.Nos.539/1, 540/1a?

The Sub Registrar Office that covers Vasantham Nagar S.Nos.539/1, 540/1a is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is essential during the registration process of property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial to note that the actual sale price may be higher than the guideline value, in which case the duty is charged on the higher amount.

Frequently asked questions

What is the current guideline value of Vasantham Nagar S.Nos.539/1, 540/1a?

The current guideline value of Vasantham Nagar S.Nos.539/1, 540/1a is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, increased to Rs 800 per sq.ft in 2023, and finally rose to Rs 880 per sq.ft in 2024.

What is the land classification for Vasantham Nagar S.Nos.539/1, 540/1a?

The land classification for Vasantham Nagar S.Nos.539/1, 540/1a is Residential Class IV Type - I.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Vasantham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.