Guideline Value for VASIYAM GARDEN

Vasiyam Garden guideline value

The current guideline value of Vasiyam Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village under the Selaiyur SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Vasiyam Garden has changed

The guideline value for Vasiyam Garden has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,000 per sq.ft, which was then increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. This change reflects a notable adjustment in the valuation of properties in this area.

Guideline values in Chitthalapakkam

Chitthalapakkam has a total of 107 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value for the village is Rs 2,900 per sq.ft, placing Vasiyam Garden's 2024 figure above this median.

• Varadharaja Perumal Koil Street: Rs 2,900 per sq.ft (2024)
• Velan Nagar: Rs 2,900 per sq.ft (2024)
• Valluvar Nagar: Rs 2,900 per sq.ft (2024)
• Venba Avenue: Rs 2,900 per sq.ft (2024)
• Venba Nagar: Rs 2,900 per sq.ft (2024)
• Venus Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasiyam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasiyam Garden?

The Sub Registrar Office that covers Vasiyam Garden 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 Chitthalapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory expenses in any property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vasiyam Garden?

The current guideline value of Vasiyam Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Chitthalapakkam?

The median guideline value in Chitthalapakkam is Rs 2,900 per sq.ft. Vasiyam Garden's 2024 figure is above this median.

What are the stamp duty and registration fees for properties in Vasiyam Garden?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the higher of the guideline value or the sale price.

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. You can find more details using the provided links.