Guideline Value for VASANTHAM PROMOTORS WELCOME CITY PHASE-III

Vasantham Promotors Welcome City Phase-III guideline value

The current guideline value for Vasantham Promotors Welcome City Phase-III is Rs 251 per sq.ft, effective from 1 July 2024. This property is located in Sirupinayoor,Thiruvanthavar,Perungazhi village and falls under the Salavakkam SRO. The land classification is New House Site Type -III (Approved Lay-Out).

How the guideline value of Vasantham Promotors Welcome City Phase-III has changed

The guideline value for this property has seen several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 250 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 251 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for this street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Vasantham Promotors Welcome City Phase-III is above this median.

• Vishwa Avenue: Rs 100 per sq.ft (2024)
• Vr Promotors Thendral Nagar: Rs 100 per sq.ft (2024)
• Vsr Nagar: Rs 426 per sq.ft (2024)
• Vvip Nagar: Rs 150 per sq.ft (2024)
• Welcome City: Rs 100 per sq.ft (2024)
• Welcome City Part-I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Promotors Welcome City Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 251 per sq.ft, the total guideline value would be Rs 2,51,000. The stamp duty at 7% would amount to Rs 17,570, and the registration fee at 2% would be Rs 5,020, bringing the total to Rs 22,590. 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 Promotors Welcome City Phase-III?

The Vasantham Promotors Welcome City Phase-III falls under the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value plays a crucial role in the registration process when buying or selling property in Sirupinayoor,Thiruvanthavar,Perungazhi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the transaction complies with local regulations. This ensures that the appropriate taxes are collected by the government and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Vasantham Promotors Welcome City Phase-III?

The current guideline value for Vasantham Promotors Welcome City Phase-III is Rs 251 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 251 per sq.ft in 2024.

What is the registration office for this property?

The registration office for Vasantham Promotors Welcome City Phase-III is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the guideline value is Rs 2,51,000. The stamp duty at 7% is Rs 17,570, and the registration fee at 2% is Rs 5,020, totaling Rs 22,590.

What is the land classification for Vasantham Promotors Welcome City Phase-III?

The land classification for Vasantham Promotors Welcome City Phase-III is New House Site Type -III (Approved Lay-Out).