Guideline Value for Vasanthapuram

Vasanthapuram guideline value

The current guideline value of Vasanthapuram, located in Eraiyur village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I classification.

How the guideline value of Vasanthapuram has changed

The guideline value for Vasanthapuram has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 35 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2012, marking a substantial rise of 471%. However, in 2017, the value adjusted to Rs 134 per sq.ft, reflecting a decrease of 33%. The value remained at Rs 200 per sq.ft in 2023 and continued unchanged into 2024, showing no percentage change between these two revisions.

Overall, from 2007 to 2024, the guideline value has increased by 471%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Vasanthapuram.

• Vallikattamman Koil Street: Rs 200 per sq.ft (2024)
• Vettaikarapalayam: Rs 200 per sq.ft (2024)
• Vikramarajasingapuram: Rs 300 per sq.ft (2024)
• Vikramarajasingapuram Part - II: Rs 300 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vasanthapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasanthapuram?

The Sub Registrar Office that covers Vasanthapuram 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 Eraiyur

The guideline value is a crucial factor in the registration process when buying or selling property in Eraiyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value serves as a benchmark for assessing the value of the property. This ensures that the appropriate taxes are collected based on the established rates, which helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Vasanthapuram?

The current guideline value of Vasanthapuram is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 35 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, and it has remained at Rs 200 per sq.ft since 2012, with no changes in 2023 and 2024.

What are the other streets in Eraiyur and their guideline values?

Other streets in Eraiyur include Vallikattamman Koil Street, Vettaikarapalayam, Vikramarajasingapuram, Vikramarajasingapuram Part - II, Thideer Nagar, and Theru veedhiyamman Koil Street, with values ranging from Rs 200 to Rs 300 per sq.ft in 2024.

What fees are associated with buying property in Vasanthapuram?

When buying property in Vasanthapuram, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vasanthapuram?

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