Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Vasantha Garden 3rd Street

₹1400/sq.ft.

The guideline value for Vasantha Garden 3rd 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 N/A
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 3rd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vasantha Garden 3rd Street guideline value

The current guideline value of Vasantha Garden 3rd Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Chinna Sembaram Bakkam village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vasantha Garden 3rd Street has changed

Over the years, the guideline value of Vasantha Garden 3rd Street has seen significant changes. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, it then dropped to Rs 871 per sq.ft in 2017. Following this, the value rose sharply to Rs 1,300 per sq.ft in 2023, and then further increased to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value experienced a substantial increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the rise from 2007 to 2012 was significant at 117%. Overall, from 2007 to 2024, the guideline value has increased by 133%. The register has no figures for the years 2002 and 2003 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, which is equal to the 2024 figure for Vasantha Garden 3rd Street.

Stamp duty and registration fee for property in Vasantha Garden 3rd Street

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

Which Sub Registrar Office covers Vasantha Garden 3rd Street?

The Sub Registrar Office that covers Vasantha Garden 3rd 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

When buying or selling property in Chinna Sembaram Bakkam, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is used by the registration authorities to assess the taxes applicable to property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Ensuring that the sale price is aligned with the guideline value can help avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vasantha Garden 3rd Street?

The current guideline value of Vasantha Garden 3rd Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 133% over the years.

What is the land classification for Vasantha Garden 3rd Street?

Vasantha Garden 3rd Street is classified as Residential Class II Type - I.

Which office handles property registrations for Vasantha Garden 3rd Street?

The Sembiam Sub Registrar Office handles property registrations for Vasantha Garden 3rd Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Vasantha Garden 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.