Guideline Value for SHANTHI AVENUE 34 35 36 37 L.I.G. COLONEY (VIGNESWAR NAGAR)

Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) guideline value

The current guideline value for Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) is Rs 9,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification is Residential Class I Type - I.

How the guideline value of Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) has changed

Over the years, the guideline value for Shanthi Avenue 34 35 36 37 L.I.G. Coloney has seen several revisions. The 2012 revision set the value at Rs 9,000 per sq.ft, which was a decrease of 33% from the Rs 6,030 per sq.ft recorded in the 2017 revision. The value remained at Rs 9,000 per sq.ft until the 2023 revision, which increased it to Rs 9,000 per sq.ft. The most recent 2024 revision has raised the guideline value to Rs 9,900 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, which matches the current value for Shanthi Avenue 34 35 36 37 L.I.G. Coloney.

• Shanthi Lane: Rs 7,150 per sq.ft (2024)
• Shriram Nagar: Rs 9,900 per sq.ft (2024)
• Shriram Nagar 1st Cross Street: Rs 9,900 per sq.ft (2024)
• Shriram Nagar 2nd Cross Street: Rs 11,000 per sq.ft (2024)
• Shriram Nagar Main Road: Rs 9,900 per sq.ft (2024)
• Shri V.P. Ramapandia Raji Avenue: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty, charged at 7%, would amount to Rs 6,93,000, and the registration fee, charged at 2%, would be Rs 1,98,000. Together, the total cost for stamp duty and registration would be Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar)?

The Sub Registrar Office that covers Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvanmiyur. It serves as a reference point for determining the minimum value at which properties can be registered, thereby ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Avenue 34 35 36 37 L.I.G. Coloney?

The current guideline value of Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2023 to Rs 9,900 per sq.ft in 2024, reflecting a 10% increase. It was Rs 6,030 per sq.ft in 2017, which increased by 49% to Rs 9,000 per sq.ft in 2023.

What is the land classification of this area?

The land classification for Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar) is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Shanthi Avenue 34 35 36 37 L.I.G. Coloney is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.