Guideline Value for Vasantha Sampath Garden

Vasantha Sampath Garden guideline value

The current guideline value of Vasantha Sampath Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village under the AnnaNagar SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Vasantha Sampath Garden has changed

The guideline value for Vasantha Sampath Garden has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The 2023 revision raised the value to Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it further to Rs 3,300 per sq.ft.

In terms of percentage changes, the value increased by 100% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a significant increase of 49% from 2017 to 2023. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making Vasantha Sampath Garden's 2024 figure of Rs 3,300 per sq.ft below this median.

• Varasithi Vinayagar Koil Street: Rs 3,300 per sq.ft (2024)
• Veda Nagar IInd Street: Rs 4,400 per sq.ft (2024)
• Veda Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Vedha Nagar: Rs 4,400 per sq.ft (2024)
• Veena Garden: Rs 3,300 per sq.ft (2024)
• Valluvar Street Extn.: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantha Sampath Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vasantha Sampath Garden?

The Sub Registrar Office that covers Vasantha Sampath Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the government receives the appropriate revenue based on the property's assessed value, thus maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vasantha Sampath Garden?

The current guideline value of Vasantha Sampath Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. The value has seen an overall increase of 120% from 2007 to 2024.

What is the median guideline value in Koyakbedu?

The median guideline value for the 270 streets in Koyakbedu is Rs 4,400 per sq.ft, which is higher than the current value of Vasantha Sampath Garden.

What are the stamp duty rates for properties in Vasantha Sampath Garden?

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

Where is the Sub Registrar Office for Vasantha Sampath Garden located?

The Sub Registrar Office for Vasantha Sampath Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.