Guideline Value

Corporate

Guideline Value for VANAVIL S.K AVENUE PART-III

₹1650/sq.ft.

The guideline value for Vanavil S.k Avenue Part-iii in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduveerapattu

Village

Padappai

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vanavil S.k Avenue Part-iii

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Vanavil S.K Avenue Part-III guideline value

The current guideline value of Vanavil S.K Avenue Part-III is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Class V Type - I.

How the guideline value of Vanavil S.K Avenue Part-III has changed

The guideline value for Vanavil S.K Avenue Part-III has undergone several revisions over the years. The 2017 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 65%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was 50%, reflecting significant changes in the guideline value over the years.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Vanavil S.K Avenue Part-III above this median.

Stamp duty and registration fee for property in Vanavil S.K Avenue Part-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Vanavil S.K Avenue Part-III?

The Sub Registrar Office covering Vanavil S.K Avenue Part-III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Naduveerapattu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Vanavil S.K Avenue Part-III?

The current guideline value of Vanavil S.K Avenue Part-III is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 65% over these years.

What is the registration office for Vanavil S.K Avenue Part-III?

The registration office for Vanavil S.K Avenue Part-III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Vanavil S.K Avenue Part-III?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 16,50,000, resulting in a stamp duty of Rs 1,15,500.

What are the other streets in Naduveerapattu with their guideline values?

Other streets in Naduveerapattu include Vanavil S.K. Avenue Part - II at Rs 1,320 per sq.ft, Vanavil S.K.Avenue Part-IV at Rs 1,210 per sq.ft, and Vanavil S.K.Avenue Part - V at Rs 1,650 per sq.ft, among others.