Guideline Value for Vasantha Garden

Vasantha Garden guideline value

The current guideline value of Vasantha Garden is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vasantha Garden has changed

The guideline value for Vasantha Garden has seen several revisions over the years. In the 2007 revision, the value was Rs 25 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it then decreased to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%. The most notable change occurred between 2007 and 2012, where the value surged by 700%. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Koozhangacheri

Koozhangacheri has 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, placing Vasantha Garden's 2024 figure below that median.

• Vasantham Nagar: Rs 200 per sq.ft (2024)
• Vansanthapuram: Rs 200 per sq.ft (2024)
• Veera Nagar: Rs 226 per sq.ft (2024)
• Vetri Nagar Part-II: Rs 200 per sq.ft (2024)
• Vettri Nagar: Rs 200 per sq.ft (2024)
• Vijay Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Vasantha Garden?

The Vasantha Garden area falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Koozhangacheri

The guideline value is a critical factor when registering property transactions in Koozhangacheri. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the registration process is consistent and transparent for all transactions.

Frequently asked questions

What is the current guideline value of Vasantha Garden?

The current guideline value of Vasantha Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most significant increase occurring from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012. It has remained at Rs 200 per sq.ft since the 2023 revision.

What are the other streets in Koozhangacheri with similar guideline values?

Other streets in Koozhangacheri with similar guideline values include Vasantham Nagar, Vansanthapuram, Vetri Nagar Part-II, and Vettri Nagar, all at Rs 200 per sq.ft in 2024.

What is the stamp duty rate for properties in Vasantha Garden?

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

Where can I find the Sub Registrar Office for Vasantha Garden?

The Sub Registrar Office covering Vasantha Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.