Guideline Value for Vasanthapuram

Vasanthapuram guideline value

The current guideline value of Vasanthapuram is Rs 2,090 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Vasanthapuram has changed

In the 2017 revision, the guideline value was Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Vasanthapuram's 2024 figure above that median.

• Vasanthapuram part III: Rs 2,090 per sq.ft (2024)
• Vasanthapuri Phase I: Rs 2,090 per sq.ft (2024)
• Velleeswarar Koil Street: Rs 1,870 per sq.ft (2024)
• Vaikundaperumal Koil Street: Rs 1,430 per sq.ft (2024)
• Udhaya Nagar: Rs 2,530 per sq.ft (2024)
• Udhayakumar Nagar: Rs 1,870 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, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is crucial when registering property transactions in Mangadu -A. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vasanthapuram?

The current guideline value of Vasanthapuram is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Vasanthapuram?

Vasanthapuram is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for Vasanthapuram?

The registration office for Vasanthapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Vasanthapuram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,46,300.