Guideline Value for Vasanthapuri Phase I

Vasanthapuri Phase I guideline value

The current guideline value of Vasanthapuri Phase I is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vasanthapuri Phase I has changed

The guideline value for Vasanthapuri Phase I has seen several revisions over the years. In 2017, the guideline value was Rs 1,273 per sq.ft, which increased significantly to Rs 1,900 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 2,090 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 1,870 per sq.ft, and Vasanthapuri Phase I's 2024 figure is above this median.

• Vasanthapuram part III: Rs 2,090 per sq.ft (2024)
• Vasanthapuram: 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 Vasanthapuri Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, 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. The 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 Vasanthapuri Phase I?

The Sub Registrar Office that covers Vasanthapuri Phase I 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 a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the authorities will assess either the guideline value or the sale price, depending on which is higher. This ensures that the correct amount of duty is collected based on the property's value.

Frequently asked questions

What is the current guideline value of Vasanthapuri Phase I?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,273 per sq.ft to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the other streets with similar guideline values in Mangadu -A?

Other streets in Mangadu -A include Vasanthapuram part III and Vasanthapuram, both at Rs 2,090 per sq.ft, and Udhaya Nagar at Rs 2,530 per sq.ft.

What is the stamp duty rate for properties in Vasanthapuri Phase I?

The stamp duty rate for properties in Vasanthapuri Phase I is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vasanthapuri Phase I?

The Sub Registrar Office for Vasanthapuri Phase I is located at No.59, Road Street, Kundrathur, Chennai -600 069.