Guideline Value for Vansanthapuram

Vansanthapuram guideline value

The current guideline value of Vansanthapuram is Rs 200 per sq.ft, effective from 1 July 2024. This village falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Vansanthapuram has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where the values were also Rs 200 per sq.ft. Notably, the 2017 revision saw a significant increase of 49% from the previous figure of Rs 134 per sq.ft in 2017. The 2024 revision has maintained the value at Rs 200 per sq.ft, reflecting no change from the 2023 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing the Vansanthapuram guideline value below this median.

• Vasantha Garden: Rs 200 per sq.ft (2024)
• Vasantham Nagar: Rs 200 per sq.ft (2024)
• Veera Nagar: Rs 226 per sq.ft (2024)
• Vetri Nagar Part-II: Rs 200 per sq.ft (2024)
• Vettri Nagar: Rs 200 per sq.ft (2024)
• Vijay Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Vansanthapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total cost of Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Vansanthapuram?

The Vansanthapuram area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vansanthapuram?

The current guideline value of Vansanthapuram is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017. The 2024 revision shows no change from the 2023 figure.

What is the land classification for Vansanthapuram?

Vansanthapuram is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registration for Vansanthapuram?

The Sunguvarchattram Sub Registrar Office handles property registration for Vansanthapuram, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.