Guideline Value for T.V.S.AVENUE

T.V.S.Avenue guideline value

The current guideline value of T.V.S.Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - V.

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

Over the years, the guideline value of T.V.S.Avenue has seen significant changes. The earliest recorded figure is from the 2017 revision at Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing T.V.S.Avenue's 2024 figure above that median.

• Tvh Crossway: Rs 5,500 per sq.ft (2024)
• Tvh Bloom Phase-III: Rs 5,500 per sq.ft (2024)
• Tvh Bloom Phase-II: Rs 5,500 per sq.ft (2024)
• Tvh Bloom: Rs 5,500 per sq.ft (2024)
• T.S.R.K.D.Holding Canel: Rs 3,300 per sq.ft (2024)
• Trit Wood Drive Avenue: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The applicable stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.V.S.Avenue?

The Sub Registrar Office covering T.V.S.Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of T.V.S.Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of T.V.S.Avenue has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for T.V.S.Avenue?

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers T.V.S.Avenue?

The Neelankarai Sub Registrar Office covers T.V.S.Avenue, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential in determining the stamp duty and registration fees during property transactions. It ensures that properties are registered at values that reflect the current market conditions and comply with local regulations.