Guideline Value for VANAVIL AVENUE

Vanavil Avenue guideline value

The current guideline value of Vanavil Avenue in Perumattu Nellore village is Rs 501 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Mixed Type - II land.

How the guideline value of Vanavil Avenue has changed

The guideline value for Vanavil Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The 2024 revision has slightly increased the value to Rs 501 per sq.ft, showing no percentage change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a +0% change.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value among these streets is Rs 700 per sq.ft, indicating that Vanavil Avenue's current guideline value is below this median.

• Varadharaji Nagar: Rs 800 per sq.ft (2024)
• Vaigai Nagar: Rs 700 per sq.ft (2024)
• Thungabhadra Nagar: Rs 800 per sq.ft (2024)
• Vetri Velan Nagar: Rs 500 per sq.ft (2024)
• Vijayapuram: Rs 500 per sq.ft (2024)
• Vijay Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vanavil Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, leading to a total cost of Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vanavil Avenue?

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

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

The guideline value is a crucial factor when registering property transactions in Perumattu Nellore. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vanavil Avenue?

The current guideline value of Vanavil Avenue is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 501 per sq.ft in 2024.

What are the other streets in Perumattu Nellore?

Other streets in Perumattu Nellore include Varadharaji Nagar, Vaigai Nagar, Thungabhadra Nagar, Vetri Velan Nagar, Vijayapuram, and Vijay Avenue, with varying guideline values.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the official website and using the provided link to locate your SRO.