Guideline Value for Vanmathi Avenue

Vanmathi Avenue guideline value

The current guideline value of Vanmathi Avenue is Rs 800 per sq.ft, as per the 2023 revision. This street is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vanmathi Avenue has changed

The guideline value of Vanmathi Avenue has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 800 per sq.ft, marking a 300% increase. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, which was a decrease of 33% from the previous figure. The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft again, reflecting a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 300%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Vanmathi Avenue is part of this locality, which is covered by the Gooduvancheri SRO. Unfortunately, there are no other streets in Vengadamangalam listed with guideline values.

Stamp duty and registration fee for property in Vanmathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, while the registration fee at 2% would be Rs 16,000. Thus, the total cost for stamp duty and registration would be Rs 72,000. 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 Vanmathi Avenue?

The Sub Registrar Office that covers Vanmathi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions in the area. It helps in establishing a fair basis for pricing and ensures transparency in property dealings, making it essential for both buyers and sellers to understand its implications.

Frequently asked questions

What is the current guideline value of Vanmathi Avenue?

The current guideline value of Vanmathi Avenue is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2012. It then decreased to Rs 536 per sq.ft in 2017 before returning to Rs 800 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Vanmathi Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Vanmathi Avenue?

The Gooduvancheri Sub Registrar Office covers Vanmathi Avenue. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed with guideline values. Vanmathi Avenue is the only street mentioned in the available data.