Guideline Value for Vasanth Nagar Annex

Vasanth Nagar Annex guideline value

The current guideline value of Vasanth Nagar Annex is Rs 807 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Vasanth Nagar Annex has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 141%, bringing it to Rs 807 per sq.ft. The 2024 revision has maintained this value at Rs 807 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value of Vasanth Nagar Annex is below this median.

• Vasantham Nagar Surver No.388/1Pt,2: Rs 1,200 per sq.ft (2024)
• Vasantham Nagar: Rs 807 per sq.ft (2024)
• Varatharajan Street: Rs 805 per sq.ft (2024)
• Vanniyar Street: Rs 805 per sq.ft (2024)
• Vanna Tank: Rs 806 per sq.ft (2024)
• Vannan Street: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Vasanth Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total fees to Rs 72,630. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasanth Nagar Annex?

The Sub Registrar Office that covers Vasanth Nagar Annex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Kovilpathagai. It is the minimum value set by the government for property transactions, which helps in determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasanth Nagar Annex?

The current guideline value of Vasanth Nagar Annex is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 807 per sq.ft in 2023 and 2024.

What is the land classification for Vasanth Nagar Annex?

The land classification for Vasanth Nagar Annex is Residential Class III Type - II.

Where can I find the Sub Registrar Office for Vasanth Nagar Annex?

The Sub Registrar Office for Vasanth Nagar Annex is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Vasanth Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000.