Guideline Value

Corporate

Guideline Value for SRI VIVEKANANDHA AVENUE

₹350/sq.ft.

The guideline value for Sri Vivekanandha Avenue in Ernavakkam village (Arani_tiruvallur SRO, Chennai zone) is Rs 350 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavakkam

Village

Arani_Tiruvallur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹350 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /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)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Vivekanandha Avenue

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Sri Vivekanandha Avenue guideline value

The current guideline value of Sri Vivekanandha Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Ernavakkam village under the Arani_Tiruvallur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Vivekanandha Avenue has changed

The guideline value for Sri Vivekanandha Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 350 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 234 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 350 per sq.ft in 2023. Overall, from 2017 to 2024, the guideline value has increased by 50% as well, maintaining the same rate from 2023 to 2024.

Guideline values in Ernavakkam

In addition to Sri Vivekanandha Avenue, there are other streets in Ernavakkam under the Arani_Tiruvallur SRO. The guideline values for these streets vary, with some streets having lower rates than Sri Vivekanandha Avenue.

Stamp duty and registration fee for property in Sri Vivekanandha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Sri Vivekanandha Avenue?

The Sub Registrar Office that covers Sri Vivekanandha Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Ernavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased. Buyers and sellers must ensure that the sale price of the property is in line with the guideline value to avoid any discrepancies during registration.

When a property transaction takes place, the guideline value helps in assessing the official value of the property, which is important for taxation purposes. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Vivekanandha Avenue?

The current guideline value of Sri Vivekanandha Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, reflecting a 50% increase over this period. The value remained the same from 2023 to 2024.

What is the registration office for Sri Vivekanandha Avenue?

The registration office for Sri Vivekanandha Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone.

What are the stamp duty rates for properties in Sri Vivekanandha Avenue?

The stamp duty for properties in Sri Vivekanandha Avenue is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500.

Are there other streets with different guideline values in Ernavakkam?

Yes, there are other streets in Ernavakkam with different guideline values. For example, Periyandavar Nagar Annex has a guideline value of Rs 250 per sq.ft as of 2024.