Guideline Value for T.V.S.AVENUE 33RD STREET

T.V.S.Avenue 33rd Street guideline value

The current guideline value of T.V.S.Avenue 33rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class II Type - III.

How the guideline value of T.V.S.Avenue 33rd Street has changed

The guideline value for T.V.S.Avenue 33rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,900 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 216% rise. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 6,000 per sq.ft, followed by another increase to Rs 6,600 per sq.ft in 2024, reflecting a 10% change.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 247%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value is Rs 3,800 per sq.ft, placing T.V.S.Avenue 33rd Street's value above this median.

• T.V.S.Avenue 34th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 35th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 36th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 37th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 38th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 39th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.Avenue 33rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the 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 T.V.S.Avenue 33rd Street?

The Sub Registrar Office that covers T.V.S.Avenue 33rd Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of T.V.S.Avenue 33rd Street?

The current guideline value of T.V.S.Avenue 33rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking a total increase of 247% over the years.

What is the land classification for T.V.S.Avenue 33rd Street?

T.V.S.Avenue 33rd Street is classified as Residential Class II Type - III, indicating its designation for residential purposes.

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

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

Which office handles registrations for T.V.S.Avenue 33rd Street?

The Villivakkam Sub Registrar Office handles registrations for T.V.S.Avenue 33rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.