Guideline Value for VYASAR NAGAR

Vyasar Nagar guideline value

The current guideline value for Vyasar Nagar, located in Perambur village under the Purasaivakkam SRO, is Rs 4,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Vyasar Nagar has changed

The guideline value for Vyasar Nagar has seen significant changes over the years. In 2002, the value was Rs 521 per sq.ft, which increased to Rs 572 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 800 per sq.ft in 2007, representing a 40% increase from the previous revision. By 2012, the guideline value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. The 2023 revision also recorded the same value of Rs 4,000 per sq.ft.

In 2024, the guideline value for Vyasar Nagar rose to Rs 4,300 per sq.ft, reflecting an 8% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has surged by 725%. It is worth noting that there is no figure available for the year 2017 in the register for this street.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with a range from Rs 1,600 to Rs 7,100 per sq.ft as per the 2024 revision. The median guideline value in this village is Rs 2,700 per sq.ft, placing Vyasar Nagar's 2024 figure above this median.

• Vyasar Nagar 1st Lane: Rs 4,300 per sq.ft (2024)
• Vyasar Nagar 1st Street: Rs 4,300 per sq.ft (2024)
• Vyasar Nagar 2nd Street: Rs 4,300 per sq.ft (2024)
• V.S Krishnan Street: Rs 2,200 per sq.ft (2024)
• V.O.C Street: Rs 2,700 per sq.ft (2024)
• V.O.C Nagar Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vyasar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty, charged at 7%, would be Rs 3,01,000, while the registration fee at 2% would be Rs 86,000. Together, these fees total Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vyasar Nagar?

The Sub Registrar Office that covers Vyasar Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value is essential for determining the legal obligations and costs associated with the transaction. Buyers and sellers must be aware of the current guideline value to accurately assess the financial aspects of their property dealings.

Frequently asked questions

What is the current guideline value for Vyasar Nagar?

The current guideline value for Vyasar Nagar is Rs 4,300 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 521 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

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

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which Sub Registrar Office covers Vyasar Nagar?

The Purasaivakkam Sub Registrar Office covers Vyasar Nagar, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Vyasar Nagar?

Vyasar Nagar is classified under Residential Class II Type - I, indicating its designation for residential use.