Guideline Value for Vasuki Nagar 2nd Cross Street

Vasuki Nagar 2nd Cross Street guideline value

The current guideline value of Vasuki Nagar 2nd Cross Street is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Vasuki Nagar 2nd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 2,700 per sq.ft, marking an increase of 8% from the previous value.

It is important to note that the guideline value register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Vasuki Nagar 2nd Cross Street.

• Vasuki Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 1st Main Road: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 3rd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vasuki Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasuki Nagar 2nd Cross Street?

The Madhavaram Sub Registrar Office covers Vasuki Nagar 2nd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, helping to maintain transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vasuki Nagar 2nd Cross Street?

The current guideline value of Vasuki Nagar 2nd Cross Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the classification of Vasuki Nagar 2nd Cross Street?

Vasuki Nagar 2nd Cross Street is classified as Residential Class I Type - I. This classification affects the guideline value and property usage in the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 27,00,000, the stamp duty would be 7% of that amount.