Guideline Value for VANAVIL AVENUE PHASE - III

Vanavil Avenue Phase - III guideline value

The current guideline value of Vanavil Avenue Phase - III is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kandular village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Vanavil Avenue Phase - III has changed

The guideline value for Vanavil Avenue Phase - III has remained consistent over recent revisions. The 2023 revision also set the guideline value at Rs 600 per sq.ft, showing no change from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there was a change of +0%, maintaining the guideline value at Rs 600 per sq.ft. This consistency indicates stability in the valuation for this property.

Guideline values in Kandular

Kandular village has a range of guideline values across its streets, with 20 streets under the Chengleput Joint II SRO carrying a 2024 figure ranging from Rs 600 to Rs 650 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Vanavil Avenue Phase - III at the median value.

• Thilakar Nagar: Rs 600 per sq.ft (2024)
• Sundar Nagar: Rs 600 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VII: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VI: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanavil Avenue Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Vanavil Avenue Phase - III?

The Sub Registrar Office that covers Vanavil Avenue Phase - III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kandular. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the official sale price for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are applied based on the established guideline value.

Frequently asked questions

What is the current guideline value of Vanavil Avenue Phase - III?

The current guideline value of Vanavil Avenue Phase - III is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What other streets in Kandular have the same guideline value?

Several other streets in Kandular also have a guideline value of Rs 600 per sq.ft for 2024, including Thilakar Nagar, Sundar Nagar, and various phases of Sree Mahalakshmi Nagar.

What are the stamp duty and registration fees for properties in Vanavil Avenue Phase - III?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 54,000.

Where can I find the Sub Registrar Office for Vanavil Avenue Phase - III?

The Sub Registrar Office for Vanavil Avenue Phase - III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided links.