Guideline Value for Vatsala City Extn

Vatsala City Extn guideline value

The current guideline value of Vatsala City Extn is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Korukanthangal village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Vatsala City Extn has changed

Over the years, the guideline value for Vatsala City Extn has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 335 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 500 per sq.ft, and the 2024 revision also holds it at Rs 500 per sq.ft, indicating no change from the previous year.

In summary, from 2017 to 2023, there was an increase of 49%, but overall from 2012 to 2024, the guideline value has remained stable with no change. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Korukanthangal

In Korukanthangal, there are 25 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 500 per sq.ft, with a median value of Rs 500 per sq.ft. Vatsala City Extn's 2024 figure is equal to this median value.

• Vatsala City: Rs 500 per sq.ft (2024)
• Venkateswara Nagar: Rs 500 per sq.ft (2024)
• Subramaniya Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 500 per sq.ft (2024)
• Sri Gayathri Dr.City Phase-II & V: Rs 500 per sq.ft (2024)
• Sri Gayathri Co-op Mega Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vatsala City Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty is charged at 7%, amounting to Rs 35,000, and the registration fee is 2%, which is Rs 10,000. Therefore, the total cost for stamp duty and registration fee would be Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vatsala City Extn?

The Vatsala City Extn area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korukanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities assess the guideline value to ensure that the transaction is in compliance with local regulations. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Vatsala City Extn?

The current guideline value of Vatsala City Extn is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the 2012 and 2024 revisions both set at Rs 500 per sq.ft. The value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, maintaining that rate into 2024.

What are the stamp duty and registration fees for property in Vatsala City Extn?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Vatsala City Extn?

The Gooduvancheri Sub Registrar Office covers Vatsala City Extn, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is assessed at the time of registration, and the higher of the guideline value or the sale price is used to calculate the applicable duties and fees.