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Guideline Value

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Guideline Value for ARK Avenue Extn, I, II and III

₹1650/sq.ft.

The guideline value for Ark Avenue Extn, I, Ii And Iii in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ark Avenue Extn, I, Ii And Iii

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ARK Avenue Extn, I, II and III guideline value

The current guideline value of ARK Avenue Extn, I, II and III is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of ARK Avenue Extn, I, II and III has changed

The guideline value for ARK Avenue Extn, I, II and III has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, the value increased to Rs 1,500 per sq.ft in 2023, and then rose again to the current value of Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for ARK Avenue Extn, I, II and III.

Stamp duty and registration fee for property in ARK Avenue Extn, I, II and III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers ARK Avenue Extn, I, II and III?

The Sub Registrar Office that covers ARK Avenue Extn, I, II and III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with legal requirements during the registration process. This helps in avoiding potential disputes and ensures a smooth transaction.

Frequently asked questions

What is the current guideline value of ARK Avenue Extn, I, II and III?

The current guideline value of ARK Avenue Extn, I, II and III is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then up to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for ARK Avenue Extn, I, II and III?

The land classification for ARK Avenue Extn, I, II and III is Residential Special Type - II.

Which office should I visit for property registration?

You should visit the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone for property registration.

How is the stamp duty calculated for properties in ARK Avenue Extn, I, II and III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,15,500.