Guideline Value

Corporate

Guideline Value for Vasantha Garden Main Road

₹1600/sq.ft.

The guideline value for Vasantha Garden Main Road in Chinna Sembaram Bakkam village (Sembiam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinna Sembaram Bakkam

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Main Road

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Vasantha Garden Main Road guideline value

The current guideline value of Vasantha Garden Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Chinna Sembaram Bakkam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vasantha Garden Main Road has changed

The guideline value for Vasantha Garden Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision raised it to Rs 1,500 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,600 per sq.ft.

Between these revisions, the changes are notable. From 2007 to 2012, the value increased by 150%. However, from 2012 to 2017, there was a decline of 33%. The value then surged by 49% from 2017 to 2023, and the latest increase from 2023 to 2024 is 7%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 167%.

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, with a median value of Rs 1,400 per sq.ft. Vasantha Garden Main Road's 2024 guideline value of Rs 1,600 per sq.ft is above this median.

Stamp duty and registration fee for property in Vasantha Garden Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasantha Garden Main Road?

The Sub Registrar Office covering Vasantha Garden Main Road 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 is a critical factor in the registration process when buying or selling property in Chinna Sembaram Bakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vasantha Garden Main Road?

The current guideline value of Vasantha Garden Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 167%.

What are the stamp duty and registration fees for property in Vasantha Garden Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers Vasantha Garden Main Road?

The Sembiam Sub Registrar Office covers Vasantha Garden Main Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of Vasantha Garden Main Road?

Vasantha Garden Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.