Guideline Value for Vasanthapuram

Vasanthapuram guideline value

The current guideline value of Vasanthapuram, located in Baraniputjur village under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Vasanthapuram has changed

The guideline value for Vasanthapuram has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a 340% rise. However, in 2017, it decreased to Rs 737 per sq.ft, a drop of 33%. The value then rose to Rs 1,100 per sq.ft in 2023, and most recently, it has been revised to Rs 1,210 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 384%. It is important to note that the register has no figure for Vasanthapuram for the years 2002 and 2003.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value is Rs 1,210 per sq.ft, which is the same as the current guideline value for Vasanthapuram. Below are the guideline values for other streets in Baraniputjur:

• Vasanthapuram Phase II: Rs 1,210 per sq.ft (2024)
• Vajjiravel Nagar: Rs 1,210 per sq.ft (2024)
• Uma mageswari Nagar: Rs 1,210 per sq.ft (2024)
• Tvs Emerald Green Enclave: Rs 2,500 per sq.ft (2024)
• V.P. Sinthan Nagar: Rs 1,210 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasanthapuram?

The Sub Registrar Office that covers Vasanthapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Baraniputjur. It determines the minimum value at which a property can be registered. Buyers should be aware that the registration fees and stamp duty are calculated based on this guideline value, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value helps in establishing a baseline for the sale price. This ensures that the property is not undervalued during the registration process, which can affect the revenue collected by the government.

Frequently asked questions

What is the current guideline value of Vasanthapuram?

The current guideline value of Vasanthapuram is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 384% over the years.

What are the other streets with the same guideline value in Baraniputjur?

Other streets in Baraniputjur with the same guideline value of Rs 1,210 per sq.ft include Vasanthapuram Phase II, Vajjiravel Nagar, Uma mageswari Nagar, V.P. Sinthan Nagar, and Theru veedhiyamman Koil Street.

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

The stamp duty for a property valued at Rs 12,10,000 would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.