Guideline Value for VASANTHAPURI EXTENSION ALIAS VASANTHAPURI WESTERN EXTENSION PART I

Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I guideline value

The current guideline value of Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Perumaleri village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I has changed

The guideline value for this street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 335 per sq.ft. In 2023, the value increased to Rs 500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. The consistent updates reflect adjustments in the property valuation in the area.

Guideline values in Perumaleri

Within Perumaleri village, there are nine streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 370 to Rs 1,500 per sq.ft. The median value among these streets is Rs 550 per sq.ft, which is equal to the guideline value of Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I.

• Ziva Apartment: Rs 550 per sq.ft (2024)
• Ziva Hamsadhwani: Rs 555 per sq.ft (2024)
• Ziva Villa: Rs 370 per sq.ft (2024)
• Temblegarden: Rs 550 per sq.ft (2024)
• Chithra Avenue: Rs 550 per sq.ft (2024)
• Vanavil Privilege: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I?

The Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I falls under the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When registering a property, the guideline value is considered to ensure that the fees are calculated based on an official valuation. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Vasanthapuri Extension?

The current guideline value of Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and now to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Vasanthapuri Extension?

For a 1,000 sq.ft plot valued at Rs 5,50,000, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Vasanthapuri Extension?

The Thirukazhukundram Sub Registrar Office covers Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification of Vasanthapuri Extension?

Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I is classified as Residential Class I Type - I.