Guideline Value for VASUDEVAPURAM

Vasudevapuram guideline value

The current guideline value of Vasudevapuram is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Vasudevapuram has changed

The guideline value for Vasudevapuram has seen several revisions over the years. In 2002, the value was Rs 848 per sq.ft, which increased to Rs 931 per sq.ft in 2003. The value then rose significantly to Rs 1,440 per sq.ft in 2007, followed by a substantial increase to Rs 5,300 per sq.ft in 2012. However, it decreased to Rs 3,551 per sq.ft in 2017. The subsequent revisions saw the value increase to Rs 5,300 per sq.ft in 2023, and finally to Rs 5,800 per sq.ft in 2024.

Notably, the change from 2023 to 2024 reflects an increase of 9%. The value saw a significant rise of 49% from 2017 to 2023. The period between 2012 and 2017 recorded a decrease of 33%. The increase from 2007 to 2012 was 268%, while the value rose by 55% from 2003 to 2007. From 2002 to 2003, there was a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 584%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the guideline value for Vasudevapuram.

• Varadharajapettai Main Road: Rs 5,800 per sq.ft (2024)
• Varadharajapettai 4th Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 3rd Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 2nd Street: Rs 4,600 per sq.ft (2024)
• Varadharajapettai 1st Street: Rs 4,600 per sq.ft (2024)
• Varadhappan Street (West Mambalam): Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasudevapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total fees Rs 5,22,000. 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 more details.

Which Sub Registrar Office covers Vasudevapuram?

The Sub Registrar Office that covers Vasudevapuram is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vasudevapuram?

The current guideline value of Vasudevapuram is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 848 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 584%.

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

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles property registration for Vasudevapuram?

The Kodambakkam Sub Registrar Office handles property registration for Vasudevapuram, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is the same as the current guideline value for Vasudevapuram.