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Guideline Value

Corporate

Guideline Value for SRI VINAYAKA AVENUE (540/4)

₹990/sq.ft.

The guideline value for Sri Vinayaka Avenue (540/4) in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sri Vinayaka Avenue (540/4)

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Sri Vinayaka Avenue (540/4) guideline value

The current guideline value of Sri Vinayaka Avenue (540/4) is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Nandambakkam village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Vinayaka Avenue (540/4) has changed

The guideline value for Sri Vinayaka Avenue has seen significant changes over the years. The 2017 revision recorded a value of Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in the guideline value over this period.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, positioning Sri Vinayaka Avenue (540/4) above this median.

Stamp duty and registration fee for property in Sri Vinayaka Avenue (540/4)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, making the total costs Rs 89,100. It is essential 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 further assistance.

Which Sub Registrar Office covers Sri Vinayaka Avenue (540/4)?

The Sub Registrar Office that covers Sri Vinayaka Avenue (540/4) 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the appropriate taxes that need to be paid, regardless of the actual sale price. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Vinayaka Avenue (540/4)?

The current guideline value of Sri Vinayaka Avenue (540/4) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and now to Rs 990 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Nandambakkam and their guideline values?

Other streets in Nandambakkam include Sri Venkateswara Nagar Annexe and Sri Venkateswara Nagar, both at Rs 880 per sq.ft, Sri Srinivasa Nagar at Rs 770 per sq.ft, and Sri Sakthi Nagar at Rs 440 per sq.ft, among others.

What is the stamp duty for property in Sri Vinayaka Avenue (540/4)?

The stamp duty for a property in Sri Vinayaka Avenue (540/4) is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 69,300.

Where is the Sub Registrar Office for Sri Vinayaka Avenue (540/4)?

The Sub Registrar Office for Sri Vinayaka Avenue (540/4) is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.