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 street is located in Thailavaram 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

Over the years, the guideline value of P.V.N. Avenue Thailavaram has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 469 per sq.ft, a decrease of 33%. The value then increased significantly to Rs 700 per sq.ft in the 2023 revision, followed by a further increase to Rs 770 per sq.ft in the 2024 revision, marking a 10% rise.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase, with the current guideline value now aligning with the median value for the village.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, and P.V.N. Avenue's current value is equal to this median.

• Psa Nagar (Ward -1): Rs 881 per sq.ft (2024)
• Rajendra Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Rajeshwari Nagar (Val): Rs 881 per sq.ft (2024)
• P.N.N Avenue: Rs 2,200 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)

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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers P.V.N. Avenue Thailavaram (Ward-21)?

The Chengleput Joint II Sub Registrar Office covers P.V.N. Avenue Thailavaram. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Thailavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

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 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?

P.V.N. Avenue Thailavaram is classified as Residential Class I Type - III.

Where can I find the registration office for P.V.N. Avenue Thailavaram?

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

How is stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at a 7% rate.