Guideline Value for VASANTHAM NAGAR

Vasantham Nagar guideline value

The current guideline value of Vasantham Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Vasantham Nagar has changed

The guideline value of Vasantham Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in 2023, reflecting a change of +10%. The previous revision in 2017 recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of +49% when compared to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by +64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The historical revisions highlight the growth in the guideline value over the years, with the latest figure aligning with the median value of Rs 770 per sq.ft for the village.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. Vasantham Nagar's guideline value of Rs 770 per sq.ft is equal to the median value for the area.

• Vasantham Nagar Extn: Rs 770 per sq.ft (2024)
• Vatchalapuram 1st Street: Rs 870 per sq.ft (2024)
• Vatchalapuram 2nd Street: Rs 870 per sq.ft (2024)
• Vatchalapuram 3rd Street: Rs 870 per sq.ft (2024)
• Vatchalapuram & Streets: Rs 870 per sq.ft (2024)
• Valarmathi Nagar: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty is charged at 7%, which totals Rs 53,900, while the registration fee is 2%, amounting to Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vasantham Nagar?

The Sub Registrar Office that covers Vasantham Nagar is the Avadi Sub Registrar Office, 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 Thiruninravur-B

The guideline value plays a critical role during property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. This value is essential for both the buyer and seller to understand the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Vasantham Nagar?

The current guideline value of Vasantham Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting a total increase of +64% over that period.

What are the stamp duty and registration fees for properties in Vasantham Nagar?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations in Vasantham Nagar?

The Avadi Sub Registrar Office handles property registrations for Vasantham Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

Are there other streets with guideline values in Thiruninravur-B?

Yes, there are other streets in Thiruninravur-B with varying guideline values, ranging from Rs 330 to Rs 1,760 per sq.ft, with Vasantham Nagar's value matching the median of Rs 770 per sq.ft.