Guideline Value for VASANTHAM THIAGARAJAPURAM

Vasantham Thiagarajapuram guideline value

The current guideline value of Vasantham Thiagarajapuram is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and falls under Residential Class I Type - I land classification.

How the guideline value of Vasantham Thiagarajapuram has changed

The guideline value for Vasantham Thiagarajapuram has seen several revisions over the years. The earliest available figure is from 2012, when it was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the current guideline value of Vasantham Thiagarajapuram.

• Transport Avenue: Rs 550 per sq.ft (2024)
• Tnhb Thirukatchur: Rs 2,200 per sq.ft (2024)
• Thriuvallurvar Street: Rs 550 per sq.ft (2024)
• Thiyagarajar Street: Rs 550 per sq.ft (2024)
• Thiyagarajapuram Nagar: Rs 660 per sq.ft (2024)
• Vinayaga Moorthy Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Thiagarajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. 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 more details.

Which Sub Registrar Office covers Vasantham Thiagarajapuram?

The Sub Registrar Office that covers Vasantham Thiagarajapuram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Vasantham Thiagarajapuram?

The current guideline value of Vasantham Thiagarajapuram is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Vasantham Thiagarajapuram?

Vasantham Thiagarajapuram is classified as Residential Class I Type - I land.

What is the role of the Chengleput Joint II SRO?

The Chengleput Joint II SRO is responsible for maintaining the guideline value register and overseeing property transactions in the area, including Vasantham Thiagarajapuram.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 59,400 in fees.