Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for VANAVIL S.K. AVENUE PART - II

₹1320/sq.ft.

The guideline value for Vanavil S.k. Avenue Part - Ii in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1195 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduveerapattu

Village

Padappai

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1195 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹800 /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 - Ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vanavil S.K. Avenue Part - II guideline value

The current guideline value of Vanavil S.K. Avenue Part - II is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village under the Padappai SRO, with a land classification of Mixed Special Type - III.

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

The guideline value for Vanavil S.K. Avenue Part - II has undergone several revisions over the years. The 2017 revision set the value at Rs 800 per sq.ft, which increased to Rs 1,195 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 65% in the guideline value.

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. This lack of data means that the changes in guideline value only reflect the revisions from 2017, 2023, and 2024.

Guideline values in Naduveerapattu

In Naduveerapattu, there are 96 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, indicating that the guideline value of Vanavil S.K. Avenue Part - II is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 S.K. Avenue Part - II?

The Sub Registrar Office that covers Vanavil S.K. Avenue Part - II 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 in the registration process when buying or selling property in Naduveerapattu. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

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

Frequently asked questions

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

The current guideline value of Vanavil S.K. Avenue Part - II is Rs 1,320 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 800 per sq.ft in 2017 to Rs 1,195 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 65% from 2017 to 2024.

What are the other streets in Naduveerapattu?

There are several other streets in Naduveerapattu with their own guideline values. Some of these include Vanavil S.K. Avenue Part-III at Rs 1,650 per sq.ft and Vanavil S.K.Avenue Part-IV at Rs 1,210 per sq.ft.

How is stamp duty calculated for properties in Vanavil S.K. Avenue Part - II?

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 stamp duty would be Rs 92,400 based on the current guideline value.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles the registration of properties in the area.