Guideline Value for VANAVIL AVENUE

Vanavil Avenue guideline value

The current guideline value of Vanavil Avenue in Sirukalathur village under the Kunrathur SRO is Rs 2,970 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Vanavil Avenue has changed

The guideline value for Vanavil Avenue has seen several revisions over the years. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,700 per sq.ft, which increased by 10% to Rs 2,970 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a significant change in the valuation of properties in this area. The current value of Rs 2,970 per sq.ft is now established following the latest revision.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Vanavil Avenue's guideline value above this median.

• T.V.K. Street: Rs 550 per sq.ft (2024)
• Thiruvalluvar Street: Rs 500 per sq.ft (2024)
• Suraj Kudiyiruppu: Rs 500 per sq.ft (2024)
• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)
• Sri Srinivasa Perumal Avenue: Rs 550 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 550 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 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, making the total fees together Rs 2,67,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sirukalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that buyers and sellers have a clear understanding of the financial implications involved.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vanavil Avenue?

The current guideline value of Vanavil Avenue is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,970 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Vanavil Avenue?

The land classification for Vanavil Avenue is Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Vanavil Avenue?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Kunrathur Sub Registrar Office covers Vanavil Avenue and is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about your SRO online.