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Guideline Value

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

₹1980/sq.ft.

The guideline value for Vanavil S.k.avenue Part - Vi in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduveerapattu

Village

Padappai

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 - Vi

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Vanavil S.K.Avenue Part - VI guideline value

The current guideline value of Vanavil S.K.Avenue Part - VI is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village under the Padappai SRO, classified as Residential Class V Type - II.

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

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was an increase from the previous revisions. The latest revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a change of +10% from the 2023 figure.

The 2024 guideline value of Rs 1,980 per sq.ft places this street above the median value of Rs 660 per sq.ft for the 96 streets in Naduveerapattu under the Padappai SRO. The previous revision in 2023 had established a value of Rs 1,800 per sq.ft, reflecting a significant increase in the current revision.

Guideline values in Naduveerapattu

Naduveerapattu has a range of guideline values for its streets, with figures from Rs 330 to Rs 2,500 per sq.ft in 2024. The 2024 guideline value for Vanavil S.K.Avenue Part - VI is notably higher than the median value of Rs 660 per sq.ft. Below are the guideline values for other streets in Naduveerapattu:

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

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Vanavil S.K.Avenue Part - VI 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 property transactions in Naduveerapattu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When buying or selling property, the guideline value also influences the calculation of stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Vanavil S.K.Avenue Part - VI is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, marking a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the classification of land for Vanavil S.K.Avenue Part - VI?

Vanavil S.K.Avenue Part - VI is classified as Residential Class V Type - II, indicating its suitability for residential development.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600.

Where can I find the Sub Registrar Office for this area?

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