Guideline Value for Vasuki nagar

Vasuki nagar guideline value

The current guideline value of Vasuki nagar is Rs 700 per sq.ft. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Vasuki nagar has changed

The guideline value for Vasuki nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The current 2024 revision maintains this value at Rs 700 per sq.ft, reflecting no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value is Rs 400 per sq.ft, placing Vasuki nagar's 2024 figure above this median.

• Vasavi Nagar: Rs 700 per sq.ft (2024)
• varasithi Vinayagar Street: Rs 200 per sq.ft (2024)
• Venus Nagar: Rs 400 per sq.ft (2024)
• Vinatha Nagar: Rs 300 per sq.ft (2024)
• VMR Nagar: Rs 200 per sq.ft (2024)
• Theruveethiamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vasuki nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vasuki nagar?

The Sub Registrar Office that covers Vasuki nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Santhavellur_B, as it determines the minimum value at which properties can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vasuki nagar?

The current guideline value of Vasuki nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. It increased from Rs 469 per sq.ft in the 2017 revision, marking a 49% increase over the years.

What is the land classification of Vasuki nagar?

Vasuki nagar is classified as Residential Special Type - II under the current guideline value register.

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

The stamp duty is 7%, and the registration fee is 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 63,000 in fees.

Where is the Sub Registrar Office for Vasuki nagar located?

The Sub Registrar Office for Vasuki nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.