Guideline Value for Vasanthapuri

Vasanthapuri guideline value

The current guideline value for Vasanthapuri is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vasanthapuri has changed

Over the years, the guideline value for Vasanthapuri has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft, where it has remained through the 2024 revision, showing no change from the previous year.

It's important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 200 per sq.ft.

Guideline values in Kunduperumpedu

Kunduperumpedu has a total of 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, which is also the current guideline value for Vasanthapuri.

• Venkateswara Nagar: Rs 150 per sq.ft (2024)
• Victoria Nagar: Rs 150 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 400 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)
• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vasanthapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total cost for these charges to Rs 18,000. It's 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 detailed calculations.

Which Sub Registrar Office covers Vasanthapuri?

The Sub Registrar Office that covers Vasanthapuri 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 Kunduperumpedu

The guideline value plays a crucial role in the registration process of property transactions in Kunduperumpedu. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vasanthapuri?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant drop to Rs 134 per sq.ft in 2017 before returning to Rs 200 per sq.ft in 2023.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office is responsible for Vasanthapuri?

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

What is the land classification for Vasanthapuri?

Vasanthapuri is classified as Residential Class II Type - I, which indicates its suitability for residential development.