Guideline Value for VASANTHAM NAGAR

Vasantham Nagar guideline value

The current guideline value of Vasantham Nagar is Rs 300 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class III Type - II.

How the guideline value of Vasantham Nagar has changed

The guideline value for Vasantham Nagar has seen several revisions over the years. In the 2012 revision, the value was Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. The most recent revision in 2023 brought the value back up to Rs 300 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Vasantham Nagar is one of the areas under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Vasantham Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. Duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vasantham Nagar?

The Sub Registrar Office that covers Vasantham Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thozhuvur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Vasantham Nagar?

The current guideline value of Vasantham Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated. It was Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023.

What is the land classification of Vasantham Nagar?

Vasantham Nagar is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where is the Sub Registrar Office for Vasantham Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Vasantham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the stamp duty would be Rs 21,000.