Guideline Value for Vasuki Nagar 3rd Street

Vasuki Nagar 3rd Street guideline value

The current guideline value of Vasuki Nagar 3rd 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 3rd Street has changed

The guideline value for Vasuki Nagar 3rd Street has undergone several revisions. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 2,700 per sq.ft, marking a significant increase of 61% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Vasuki Nagar 3rd Street.

• Vasuki Nagar 3rd Main Road: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Vasuki Nagar 5th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vasuki Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, together totaling Rs 2,43,000. Please 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 details.

Which Sub Registrar Office covers Vasuki Nagar 3rd Street?

The Sub Registrar Office that covers Vasuki Nagar 3rd Street is the Madhavaram Sub Registrar Office, 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 crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vasuki Nagar 3rd Street?

The current guideline value of Vasuki Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, which is a change of 61%.

Are there any years without a guideline value for Vasuki Nagar 3rd Street?

Yes, the years 2023, 2012, 2007, 2003, and 2002 have no figures available for Vasuki Nagar 3rd Street in the guideline value register.

What is the land classification for Vasuki Nagar 3rd Street?

Vasuki Nagar 3rd Street is classified as Residential Class I Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.