Guideline Value for Vasantham Avenue Extension

Vasantham Avenue Extension guideline value

The current guideline value of Vasantham Avenue Extension is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vasantham Avenue Extension has changed

In the 2017 revision, the guideline value was Rs 871 per sq.ft. This figure increased to Rs 1,430 per sq.ft in the 2024 revision, marking a change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value rose from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024. The absence of figures for the earlier revisions means that we cannot determine the changes for those years.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, making the current value of Vasantham Avenue Extension above that median.

• Vamanan Small City: Rs 3,300 per sq.ft (2024)
• Vallalar Street: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Street: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Road: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Cross Street: Rs 440 per sq.ft (2024)
• Thoppu Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the guideline value totals Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. 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 information on fees.

Which Sub Registrar Office covers Vasantham Avenue Extension?

The Vasantham Avenue Extension is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Vengambakkam, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is documented accurately.

Both buyers and sellers should be aware that the guideline value is used to calculate the applicable fees, and it is essential to refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vasantham Avenue Extension?

The current guideline value of Vasantham Avenue Extension is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, which is a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Vengambakkam?

The median guideline value for the 88 streets in Vengambakkam under the Tambaram Joint 1 SRO is Rs 770 per sq.ft. Vasantham Avenue Extension's current value is above this median.

What are the stamp duty and registration fees for a property in Vasantham Avenue Extension?

For a 1,000 sq.ft plot, the guideline value is Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Vasantham Avenue Extension?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Vasantham Avenue Extension, located at No.26, Mes Road, East Tambaram, Chennai-600059.