Guideline Value for P.V.N. AVENUE THAILAVARAM (WARD-21)

P.V.N. Avenue Thailavaram (Ward-21) guideline value

The current guideline value of P.V.N. Avenue Thailavaram (Ward-21) is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of P.V.N. Avenue Thailavaram (Ward-21) has changed

The guideline value for P.V.N. Avenue Thailavaram has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the 2023 revision saw an increase to Rs 700 per sq.ft, and the most recent 2024 revision set the value at Rs 770 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which aligns with the guideline value of P.V.N. Avenue Thailavaram.

• Psa Nagar (Ward -1): Rs 880 per sq.ft (2024)
• Rajendra Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Rajeshwari Nagar (Val): Rs 880 per sq.ft (2024)
• Rajeswari Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Rajivgandhi Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in P.V.N. Avenue Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. 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 P.V.N. Avenue Thailavaram (Ward-21)?

The P.V.N. Avenue Thailavaram (Ward-21) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Konathi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of P.V.N. Avenue Thailavaram?

The current guideline value of P.V.N. Avenue Thailavaram (Ward-21) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for P.V.N. Avenue Thailavaram?

The land classification for P.V.N. Avenue Thailavaram is Residential Class I Type - III, which indicates its designation for residential use.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for P.V.N. Avenue Thailavaram?

The Chengleput Joint II Sub Registrar Office covers P.V.N. Avenue Thailavaram and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.