Guideline Value

Corporate

Guideline Value for VANAVIL S.K. AVENUE

₹1320/sq.ft.

The guideline value for Vanavil S.k. Avenue 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

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Vanavil S.K. Avenue guideline value

The current guideline value of Vanavil S.K. Avenue in Naduveerapattu village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Mixed Special Type - III.

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

The guideline value for Vanavil S.K. Avenue has seen several revisions over the years. In 2017, the guideline value was Rs 800 per sq.ft, which increased to Rs 1,195 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 65%.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not specified during those revisions.

Guideline values in Naduveerapattu

Naduveerapattu 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 guideline value in this village is Rs 660 per sq.ft, and Vanavil S.K. Avenue's current value is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vanavil S.K. Avenue?

The Sub Registrar Office that covers Vanavil S.K. Avenue 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 details.

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

The guideline value is a crucial factor in property transactions in Naduveerapattu. It serves as the minimum value for registration purposes, ensuring that properties are registered at a fair value according to the local regulations.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This process ensures transparency and compliance with the legal requirements in property transactions.

Frequently asked questions

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

The current guideline value of Vanavil S.K. Avenue 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 increased from Rs 800 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 65% over this period.

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, Part-III at Rs 1,650 per sq.ft, Part-IV at Rs 1,210 per sq.ft, Part - V at Rs 1,650 per sq.ft, Part - VI at Rs 1,980 per sq.ft, and Part - VII at Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for properties in Vanavil S.K. Avenue?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles the registration for Vanavil S.K. Avenue?

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