Guideline Value for Vanthanam

Vanthanam guideline value

The current guideline value of Vanthanam is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Ponmar village and is classified as Residential Special Type - II. The relevant registration office is the Gooduvancheri SRO.

How the guideline value of Vanthanam has changed

Looking at the historical revisions, the guideline value for Vanthanam was Rs 1,000 per sq.ft in 2012. It then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, in the subsequent revision of 2023, the guideline value increased to Rs 1,000 per sq.ft again, reflecting a 49% rise from 2017.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Vanthanam is one of the streets under the Gooduvancheri SRO. Other streets in Ponmar include:

Stamp duty and registration fee for property in Vanthanam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanthanam?

The Sub Registrar Office that covers Vanthanam is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 Ponmar

The guideline value plays a crucial role during the registration process of property transactions in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vanthanam?

The current guideline value of Vanthanam is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate in Vanthanam?

The stamp duty rate in Vanthanam is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Ponmar with guideline values?

Currently, there are no specific guideline values provided for other streets in Ponmar. Vanthanam is the only street mentioned under the Gooduvancheri SRO.