Guideline Value for VASANTHAM NAGAR

Vasantham Nagar guideline value

The current guideline value of Vasantham Nagar is Rs 600 per sq.ft. This area is located in Velichai village and falls under the Thiruporur SRO. The land classification for this location is Residential Class II Type - II.

How the guideline value of Vasantham Nagar has changed

According to the guideline value register, there have been several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 600 per sq.ft. The register does not provide figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

As there are no changes between the revisions mentioned, the guideline value has remained consistent at Rs 600 per sq.ft since the 2023 revision.

Guideline values in Velichai

Currently, there are no specific village figures available for Velichai. Vasantham Nagar is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Vasantham Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasantham Nagar?

The Sub Registrar Office that covers Vasantham Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velichai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vasantham Nagar?

The current guideline value of Vasantham Nagar is Rs 600 per sq.ft, as per the 2023 revision.

What land classification does Vasantham Nagar fall under?

Vasantham Nagar is classified as Residential Class II Type - II according to the guideline value register.

What are the stamp duty rates for property in Vasantham Nagar?

The stamp duty for property in Vasantham Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Have there been any changes in the guideline value for Vasantham Nagar?

There have been no changes in the guideline value for Vasantham Nagar since the 2023 revision, which is set at Rs 600 per sq.ft. The register does not provide figures for previous years for this street.