Guideline Value for VANAVIL AVENUE

Vanavil Avenue guideline value

The current guideline value of Vanavil Avenue is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vanavil Avenue has changed

Over the years, the guideline value for Vanavil Avenue has been recorded in the register during the 2023 revision at Rs 1,200 per sq.ft. There are no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002, indicating that the guideline value has remained unchanged since the last recorded revision.

Since the 2023 revision is the only figure available, there have been no changes between the revisions listed. The absence of figures for earlier years suggests a consistent valuation approach for this particular street.

Guideline values in Polacheri

Currently, there are no specific village figures provided for Polacheri. Vanavil Avenue is situated within this locality, which does not have other streets listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vanavil Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Vanavil Avenue?

The Sub Registrar Office that covers Vanavil Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Polacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is legally recognized and that appropriate taxes are paid.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vanavil Avenue?

The current guideline value of Vanavil Avenue is Rs 1,200 per sq.ft, as per the 2023 revision.

What is the land classification for Vanavil Avenue?

Vanavil Avenue is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Have there been any changes in the guideline value for Vanavil Avenue?

No changes have been recorded in the guideline value for Vanavil Avenue. The only figure available is from the 2023 revision, which is Rs 1,200 per sq.ft.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vanavil Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000, leading to a stamp duty of Rs 84,000.