Guideline Value for T.V.S.AVENUE 39th STREET

T.V.S.AVENUE 39th STREET guideline value

The current guideline value of T.V.S.AVENUE 39th 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 39th STREET has changed

The guideline value for T.V.S.AVENUE 39th STREET has seen several revisions over the years. In 2007, the value was Rs 1,900 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 216% rise. However, this value decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. By 2023, the guideline value rose to Rs 6,000 per sq.ft, and the latest revision in 2024 set it at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 247%.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing T.V.S.AVENUE 39th STREET's 2024 figure above that median.

• T.V.S.AVENUE 38th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 40th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 37th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.Colony: Rs 8,700 per sq.ft (2024)
• T.V.S.AVENUE 36th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.Colony 1st Main Road: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.AVENUE 39th 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 cost for these fees 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.AVENUE 39th STREET?

The T.V.S.AVENUE 39th STREET falls under the jurisdiction of 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 when registering property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the fees are calculated based on the official value of the property rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the overall costs associated with the transaction. Buyers should consider this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of T.V.S.AVENUE 39th STREET?

The current guideline value of T.V.S.AVENUE 39th 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 undergone several revisions, starting from Rs 1,900 per sq.ft in 2007, increasing to Rs 6,600 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for T.V.S.AVENUE 39th STREET?

T.V.S.AVENUE 39th STREET is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 5,94,000, based on the guideline value of Rs 66,00,000.

Which office handles the registration for T.V.S.AVENUE 39th STREET?

The Villivakkam Sub Registrar Office is responsible for handling registrations for T.V.S.AVENUE 39th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.