Guideline Value for VAISNAVI AVENUE PHASE -I

Vaisnavi Avenue Phase -I guideline value

The current guideline value of Vaisnavi Avenue Phase -I is Rs 350 per sq.ft. This property is located in Uthukkadu - A village, under the Walajabad SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vaisnavi Avenue Phase -I has changed

According to the guideline value register, the revisions for Vaisnavi Avenue Phase -I show that there has been no change in the guideline value from the 2023 revision to the 2024 revision, remaining at Rs 350 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

The 2023 revision also listed the guideline value at Rs 350 per sq.ft. Therefore, there has been a consistent guideline value for this street over the last two revisions, with no changes noted.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which is equal to the guideline value of Vaisnavi Avenue Phase -I.

• Vasantha Nagar: Rs 350 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Victory Avenue: Rs 400 per sq.ft (2024)
• Vijaya Garden Cottage: Rs 400 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaisnavi Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total cost for these fees Rs 31,500. 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 Vaisnavi Avenue Phase -I?

The Sub Registrar Office that covers Vaisnavi Avenue Phase -I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is an essential factor during the registration of property transactions in Uthukkadu - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vaisnavi Avenue Phase -I?

The current guideline value of Vaisnavi Avenue Phase -I is Rs 350 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained unchanged at Rs 350 per sq.ft from the 2023 revision to the 2024 revision.

What is the land classification for Vaisnavi Avenue Phase -I?

The land classification for Vaisnavi Avenue Phase -I is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Vaisnavi Avenue Phase -I?

The registration office for Vaisnavi Avenue Phase -I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Uthukkadu - A?

The stamp duty for properties in Uthukkadu - A is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.