Guideline Value for Vasanthapuram

Vasanthapuram guideline value

The current guideline value of Vasanthapuram is Rs 500 per sq.ft, as per the 2023 revision. This area falls under Arungal village and is governed by the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Vasanthapuram has changed

The guideline value for Vasanthapuram has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the value increased to Rs 500 per sq.ft, marking a significant rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. The guideline value for Vasanthapuram is Rs 500 per sq.ft. There are no other streets in Arungal under the Gooduvancheri SRO listed at this time.

Stamp duty and registration fee for property in Vasanthapuram

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 more details.

Which Sub Registrar Office covers Vasanthapuram?

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

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

The guideline value plays a crucial role when buying or selling property in Arungal. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value is set by the government and is used as a benchmark for property transactions.

When registering a property, the guideline value is considered to ensure that the correct dues are paid. It is essential to verify the current guideline value before proceeding with any property transaction to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vasanthapuram?

The current guideline value of Vasanthapuram is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023. Overall, it has remained the same from 2012 to 2023.

What is the stamp duty rate in Vasanthapuram?

The stamp duty rate in Vasanthapuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Arungal with guideline values?

Currently, there are no other streets in Arungal listed under the Gooduvancheri SRO with specific guideline values.