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

Vanavil S.K.Avenue Part - V guideline value

The current guideline value of Vanavil S.K.Avenue Part - V is Rs 1,650 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 - I.

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

Over the years, the guideline value for Vanavil S.K.Avenue Part - V has seen several revisions. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was Rs 1,500 per sq.ft, which increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a change of +10%.

The most recent revision in 2024 sets the guideline value at Rs 1,650 per sq.ft. This marks a significant increase from the previous year's figure of Rs 1,500 per sq.ft.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, making the guideline value for Vanavil S.K.Avenue Part - V above the median.

• Vanavil S.K.Avenue Part - VI: Rs 1,980 per sq.ft (2024)
• Vanavil S.K.Avenue Part-IV: Rs 1,210 per sq.ft (2024)
• Vanavil S.K.Avenue Part - VII: Rs 1,980 per sq.ft (2024)
• Vanavil S.K Avenue Part-III: Rs 1,650 per sq.ft (2024)
• Vanavil S.K. Avenue Part - II: Rs 1,320 per sq.ft (2024)
• Vanavil S.K. Avenue: Rs 1,320 per sq.ft (2024)

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

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, making the total charges Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Padappai Sub Registrar Office covers Vanavil S.K.Avenue Part - V, 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 of property transactions in Naduveerapattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers and sellers to be aware of these values to avoid disputes during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed recently?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a change of +10%.

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

Other streets in Naduveerapattu include Vanavil S.K.Avenue Part - VI at Rs 1,980 per sq.ft, Vanavil S.K.Avenue Part-IV at Rs 1,210 per sq.ft, and several others with varying values.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Vanavil S.K.Avenue Part - V?

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