Guideline Value for VasanthaPuram

VasanthaPuram guideline value

The current guideline value of VasanthaPuram is Rs 100 per sq.ft, effective from the 2024 revision. This area falls under Pasuvankaranai village and is registered with the Madurandakam Sub Registrar Office. The land classification for VasanthaPuram is Residential Class I Type - I.

How the guideline value of VasanthaPuram has changed

The guideline value for VasanthaPuram has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 20 per sq.ft. This increased to Rs 50 per sq.ft in 2012, marking a rise of 150%. However, from 2012 to 2017, the value decreased to Rs 33 per sq.ft, reflecting a decline of 34%. The value then saw a significant increase of 203% to reach Rs 100 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%, showcasing the changes in property valuation over the years.

Guideline values in Pasuvankaranai

Currently, there are no specific village figures available for Pasuvankaranai. The guideline value for VasanthaPuram is Rs 100 per sq.ft, and there are no other streets in Pasuvankaranai under the Madurandakam SRO.

Stamp duty and registration fee for property in VasanthaPuram

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 details.

Which Sub Registrar Office covers VasanthaPuram?

The Madurandakam Sub Registrar Office covers VasanthaPuram. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pasuvankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the Madurandakam SRO for registration, the guideline value will be used to calculate the necessary fees. This ensures that the registration process is transparent and based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of VasanthaPuram?

The current guideline value of VasanthaPuram is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, marking a significant increase of 400% overall.

What is the land classification for VasanthaPuram?

VasanthaPuram is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in VasanthaPuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 7,000.