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Guideline Value

Corporate

Guideline Value for Vasantha Garden 2nd Street

₹1400/sq.ft.

The guideline value for Vasantha Garden 2nd Street in Chinna Sembaram Bakkam village (Sembiam SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinna Sembaram Bakkam

Village

Sembiam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹375 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vasantha Garden 2nd Street

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Vasantha Garden 2nd Street guideline value

The current guideline value of Vasantha Garden 2nd Street is Rs 1,400 per sq.ft. This street is located in Chinna Sembaram Bakkam village, under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vasantha Garden 2nd Street has changed

The guideline value for Vasantha Garden 2nd Street has undergone several revisions over the years. In the 2003 revision, the value was set at Rs 375 per sq.ft. This increased to Rs 600 per sq.ft in 2007, followed by a significant jump to Rs 1,300 per sq.ft in 2012. However, the value saw a decrease to Rs 871 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 1,300 per sq.ft, and the most recent 2024 revision set the value at Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 273%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, there are 37 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median guideline value for these streets is Rs 1,400 per sq.ft, making Vasantha Garden 2nd Street's 2024 figure equal to that median.

Stamp duty and registration fee for property in Vasantha Garden 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, while the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasantha Garden 2nd Street?

The Sub Registrar Office that covers Vasantha Garden 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chinna Sembaram Bakkam

The guideline value plays a crucial role during the registration process when buying or selling property in Chinna Sembaram Bakkam. It is used to determine the stamp duty and registration fees that must be paid to the government, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both the seller and buyer are aware of the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Vasantha Garden 2nd Street?

The current guideline value of Vasantha Garden 2nd Street is Rs 1,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2003 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 273% over this period.

What is the stamp duty rate for property in Vasantha Garden 2nd Street?

The stamp duty rate for property in Vasantha Garden 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the other streets in Chinna Sembaram Bakkam with the same guideline value?

Other streets in Chinna Sembaram Bakkam with a guideline value of Rs 1,400 per sq.ft include Vasantha Garden 1st Lane, Vasantha Garden 1st Street, Vasantha Garden 2nd Lane, Vasantha Garden 3rd Street, and Vasantha Garden 4th Street.