Guideline Value for Vasantham Nature City (Sri Aurobindo Nagar)

Vasantham Nature City (Sri Aurobindo Nagar) guideline value

The current guideline value for Vasantham Nature City (Sri Aurobindo Nagar) is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vasantham Nature City (Sri Aurobindo Nagar) has changed

In the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was an increase from the previous revisions. The current 2024 revision has increased this amount to Rs 400 per sq.ft, reflecting a change of +33% from the 2023 figure.

The guideline value for Vasantham Nature City (Sri Aurobindo Nagar) has thus seen a significant update in the latest revision, aligning with the median value of Rs 400 per sq.ft among the 61 streets in Vadakal_C under the Sriperumpudur SRO.

Guideline values in Vadakal_C

In Vadakal_C, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with the median being Rs 400 per sq.ft. The guideline value for Vasantham Nature City (Sri Aurobindo Nagar) matches this median. Below are the guideline values for other streets in Vadakal_C:

• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Vasantham Gardens: Rs 400 per sq.ft (2024)
• Velalar Street: Rs 300 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• V.G.P.Vinoth Town: Rs 200 per sq.ft (2024)
• V.G.P.Vinoth Town Part II: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vasantham Nature City (Sri Aurobindo Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 further calculations.

Which Sub Registrar Office covers Vasantham Nature City (Sri Aurobindo Nagar)?

The Sub Registrar Office that covers Vasantham Nature City (Sri Aurobindo 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_C. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value helps establish a baseline for the transaction price. This value is essential for both buyers and sellers to understand the financial implications of their property dealings in the area.

Frequently asked questions

What is the current guideline value for Vasantham Nature City (Sri Aurobindo Nagar)?

The current guideline value for Vasantham Nature City (Sri Aurobindo 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 changed from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, marking an increase of +33%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the classification of land in Vasantham Nature City?

Vasantham Nature City (Sri Aurobindo Nagar) is classified as Residential Class I Type - I. This classification affects the guideline value and property regulations in the area.

Where can I find the registration office for Vasantham Nature City?

The registration office for Vasantham Nature City (Sri Aurobindo Nagar) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vadakal_C?

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