Guideline Value for T.V.S.AVENUE 35th STREET

T.V.S.AVENUE 35th STREET guideline value

The current guideline value of T.V.S.AVENUE 35th STREET is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class II Type - III.

How the guideline value of T.V.S.AVENUE 35th STREET has changed

The guideline value for T.V.S.AVENUE 35th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 1,900 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this figure dropped to Rs 4,020 per sq.ft in 2017. A notable increase occurred from 2017 to 2023, where the value rose to Rs 6,000 per sq.ft, and then further increased to Rs 6,600 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 247%. The changes between the revisions show a 216% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023, culminating in a 10% rise from 2023 to 2024.

Guideline values in Padi

In Padi, 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, with a median value of Rs 3,800 per sq.ft. The guideline value of T.V.S.AVENUE 35th STREET is above this median.

• T.V.S.Avenue 34th 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 33rd 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 35th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.AVENUE 35th STREET?

The Sub Registrar Office that covers T.V.S.AVENUE 35th 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of T.V.S.AVENUE 35th STREET?

The current guideline value of T.V.S.AVENUE 35th STREET is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much 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, showing an overall increase of 247% over the years.

What are the stamp duty and registration fees for properties in T.V.S.AVENUE 35th STREET?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration for T.V.S.AVENUE 35th STREET?

The Villivakkam Sub Registrar Office handles the registration for T.V.S.AVENUE 35th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Padi?

The guideline value for properties in Padi is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values across different streets.