Guideline Value for VanasanthaPuri Extn

VanasanthaPuri Extn guideline value

The current guideline value of VanasanthaPuri Extn is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of VanasanthaPuri Extn has changed

The guideline value for VanasanthaPuri Extn has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 616 per sq.ft. This increased to Rs 1,100 per sq.ft in 2012, representing a significant rise of 79%. However, the value then decreased to Rs 737 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

In summary, the guideline value has changed from Rs 616 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 96% over the years. The period from 2017 to 2023 saw a substantial rise of 49% as well.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing VanasanthaPuri Extn's 2024 figure above this median.

• Varalakshmi Avenue: Rs 1,210 per sq.ft (2024)
• Vasanthapuri: Rs 1,210 per sq.ft (2024)
• Vasanthapuri Phase I: Rs 1,210 per sq.ft (2024)
• Vedhachalam Nagar: Rs 880 per sq.ft (2024)
• Vedhachalam Nagar Extn: Rs 880 per sq.ft (2024)
• Vembuli Amman Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in VanasanthaPuri Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty, charged at 7%, would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, resulting in a total of Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VanasanthaPuri Extn?

The Sub Registrar Office that covers VanasanthaPuri Extn is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Malayambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is in line with the government's valuation. This helps maintain transparency in property transactions and prevents undervaluation.

Frequently asked questions

What is the current guideline value of VanasanthaPuri Extn?

The current guideline value of VanasanthaPuri Extn is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 616 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 96% over the years.

What is the land classification of VanasanthaPuri Extn?

VanasanthaPuri Extn is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in VanasanthaPuri Extn?

Stamp duty in VanasanthaPuri Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.