Guideline Value for Vasantham Nagar

Vasantham Nagar guideline value

The current guideline value of Vasantham Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vanchuvancheri village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Vasantham Nagar has changed

The guideline value for Vasantham Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. Following this, the 2023 revision brought the value back to Rs 400 per sq.ft, which has remained the same in the 2024 revision, showing no percentage change from 2023 to 2024.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with the median value being Rs 400 per sq.ft. Vasantham Nagar's guideline value matches this median.

• Vetri Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Vinayagar Koil Sreet: Rs 200 per sq.ft (2024)
• Theruveethi Amman Koil Street: Rs 200 per sq.ft (2024)
• Zion Nagar: Rs 600 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Sri Vijaya Ganapathy Nagar: Rs 510 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Nagar?

The Sub Registrar Office that covers Vasantham Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Vanchuvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. This value is used by the registration authorities to calculate the necessary fees and taxes associated with the property transfer.

Frequently asked questions

What is the current guideline value of Vasantham Nagar?

The current guideline value of Vasantham Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Vanchuvancheri?

Other streets in Vanchuvancheri have varying guideline values ranging from Rs 200 to Rs 700 per sq.ft. The median value for the area is Rs 400 per sq.ft, which is the same as that of Vasantham Nagar.

Where is the Sub Registrar Office for Vasantham Nagar located?

The Sub Registrar Office for Vasantham Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vasantham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at 7%.