Guideline Value for Vasuki nagar

Vasuki nagar guideline value

The current guideline value of Vasuki nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_C 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. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting a consistent valuation in the recent revisions.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 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)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 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 amounts to 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 covering 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_C

The guideline value is a critical factor in property transactions in Santhavellur_C. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the property is not undervalued.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures transparency and fairness in property transactions within the region.

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 from 2023 to 2024, with a 49% increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Vasuki nagar?

Vasuki nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Vasuki nagar?

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

How is the stamp duty calculated for properties in Vasuki nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.