Guideline Value for vasavi nagar

Vasavi Nagar guideline value

The current guideline value of Vasavi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur village under the Sunguvarchattram SRO, classified as Residential Special Type - II.

How the guideline value of Vasavi Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a value of Rs 700 per sq.ft. With the latest revision in 2024, the guideline value again stands at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, there has been a 49% increase in the guideline value. The change from 2017 to 2023 was also 49%, while the guideline value remained stable from 2023 to 2024 with a 0% change.

Guideline values in Santhavellur

Santhavellur village has 63 streets under the Sunguvarchattram SRO, with guideline values for 2024 ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value is Rs 500 per sq.ft, placing Vasavi Nagar's 2024 figure above this median.

• Vasuki 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 305 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 Vasavi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to 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 Vasavi Nagar?

The Sub Registrar Office that covers Vasavi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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

The guideline value is a crucial factor during the registration of property transactions in Santhavellur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a reference point, ensuring that the transaction is recorded accurately. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vasavi Nagar?

The current guideline value of Vasavi 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 unchanged at Rs 700 per sq.ft from 2023 to 2024. There was a 49% increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What are the registration fees for property in Vasavi Nagar?

The registration fees for property in Vasavi Nagar include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 7,00,000, the total fees would be Rs 63,000.

Which authority manages the guideline values in Santhavellur?

The guideline values in Santhavellur are managed by the Registration Department, as recorded in the guideline value register (TNReginet).

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering Vasavi Nagar at the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.