Guideline Value

Corporate

Guideline Value for V.G.N.ROYAL ENCLAVE

₹1650/sq.ft.

The guideline value for V.g.n.royal Enclave in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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]

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V.G.N.Royal Enclave guideline value

The current guideline value for V.G.N.Royal Enclave is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - IV.

How the guideline value of V.G.N.Royal Enclave has changed

The guideline value for V.G.N.Royal Enclave has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 500 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 1,005 per sq.ft in 2017, which represented a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing the current value of V.G.N.Royal Enclave above this median.

Stamp duty and registration fee for property in V.G.N.Royal Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.N.Royal Enclave?

The Sub Registrar Office that covers V.G.N.Royal Enclave is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the local authorities.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of V.G.N.Royal Enclave?

The current guideline value of V.G.N.Royal Enclave is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 230% over this period.

What is the land classification of V.G.N.Royal Enclave?

The land classification for V.G.N.Royal Enclave is Residential Special Type - IV, indicating its designated use for residential purposes.

What are the other streets with similar guideline values in Paruthipattu?

Other streets in Paruthipattu with similar guideline values include V.G.N.Gokulam Garden and V.G.N. Amity, both at Rs 1,650 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for V.G.N.Royal Enclave?

The Sub Registrar Office for V.G.N.Royal Enclave is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.