Guideline Value for VASANTHAPURAM EXTENTSION

Vasanthapuram Extentsion guideline value

The current guideline value for Vasanthapuram Extentsion is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Vasanthapuram Extentsion has changed

The guideline value for Vasanthapuram Extentsion has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has set it at Rs 2,100 per sq.ft, marking a 5% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is equal to the current guideline value of Vasanthapuram Extentsion.

• Vasanthapuram: Rs 2,100 per sq.ft (2024)
• Vedanthagal Street: Rs 1,900 per sq.ft (2024)
• Vedanthangal Nagar: Rs 1,900 per sq.ft (2024)
• Vaibhavs Thullia: Rs 2,190 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Visalatchi Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasanthapuram Extentsion

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasanthapuram Extentsion?

The Sub Registrar Office that covers Vasanthapuram Extentsion is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Arasankalani. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vasanthapuram Extentsion?

The current guideline value for Vasanthapuram Extentsion is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,100 per sq.ft in 2024, which is a 5% increase. It was Rs 1,340 per sq.ft in 2017, showing a 49% increase from that year to 2023.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the stamp duty and registration fees for properties in Vasanthapuram Extentsion?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 21,00,000, the total fees would amount to Rs 1,89,000.

What is the land classification for Vasanthapuram Extentsion?

The land classification for Vasanthapuram Extentsion is Residential Class I Type - I, which indicates its suitability for residential development.