Guideline Value for Vasanthapuram Extn-2

Vasanthapuram Extn-2 guideline value

The current guideline value of Vasanthapuram Extn-2 is Rs 900 per sq.ft, as per the 2023 revision. This area falls under Unamancheri village and is governed by the Gooduvancheri Sub Registrar Office. The land classification for this locality is Residential Special Type - II.

How the guideline value of Vasanthapuram Extn-2 has changed

The guideline value for Vasanthapuram Extn-2 has seen several revisions over the years. In 2007, the guideline value was set at Rs 85 per sq.ft, which dramatically increased to Rs 900 per sq.ft in 2012, marking a significant rise of 959%. However, this value remained unchanged in the 2012 revision until it dropped to Rs 603 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 900 per sq.ft, representing an increase of 49% from the previous figure.

It is important to note that there are no figures available for this street in the 2002, 2003, and 2024 revisions. Overall, from 2007 to 2023, the guideline value has increased by 959%.

Guideline values in Unamancheri

Currently, there are no specific guideline values provided for other streets in Unamancheri. However, Vasanthapuram Extn-2 has a current guideline value of Rs 900 per sq.ft. Below are the other streets in Unamancheri:

Stamp duty and registration fee for property in Vasanthapuram Extn-2

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty is charged at 7%, amounting to Rs 63,000, while the registration fee is charged at 2%, totaling Rs 18,000. Together, the total fees would be Rs 81,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vasanthapuram Extn-2?

The Sub Registrar Office that covers Vasanthapuram Extn-2 is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical component when buying or selling property in Unamancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process adheres to the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vasanthapuram Extn-2?

The current guideline value of Vasanthapuram Extn-2 is Rs 900 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 85 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Vasanthapuram Extn-2?

For a property valued at Rs 9,00,000, the stamp duty is Rs 63,000 and the registration fee is Rs 18,000, totaling Rs 81,000. The duty is based on the higher of the guideline value or the sale price.

Which office handles registrations for Vasanthapuram Extn-2?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Vasanthapuram Extn-2. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there any other streets with guideline values in Unamancheri?

No specific guideline values are provided for other streets in Unamancheri at this time. Vasanthapuram Extn-2 is the only street mentioned with a current guideline value.