Guideline Value

Corporate

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

₹1210/sq.ft.

The guideline value for Vanavil S.k.avenue Part-iv in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduveerapattu

Village

Padappai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /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-iv

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Vanavil S.K.Avenue Part-IV guideline value

The current guideline value of Vanavil S.K.Avenue Part-IV is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Naduveerapattu village under the Padappai Sub Registrar Office, classified as Commercial Class I Type - II.

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

In the 2023 revision, the guideline value was Rs 1,100 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current rate to Rs 1,210 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, with the 2024 figure reflecting a significant increase compared to the previous year. The guideline value for Vanavil S.K.Avenue Part-IV is now above the median of Rs 660 per sq.ft for the 96 streets in Naduveerapattu under the Padappai SRO.

Guideline values in Naduveerapattu

Naduveerapattu has a range of guideline values, with rates varying from Rs 330 to Rs 2,500 per sq.ft in 2024. Vanavil S.K.Avenue Part-IV's current rate of Rs 1,210 per sq.ft is above the median value of Rs 660 per sq.ft for the area.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 further calculations.

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

The Sub Registrar Office covering Vanavil S.K.Avenue Part-IV 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 plays a crucial role during property registration in Naduveerapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

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

The current guideline value of Vanavil S.K.Avenue Part-IV is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

Vanavil S.K.Avenue Part-IV is classified as Commercial Class I Type - II. This classification may influence the types of developments permitted in the area.

What are the stamp duty rates applicable in Naduveerapattu?

The stamp duty rate in Naduveerapattu is 7% on the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

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

The Sub Registrar Office for Vanavil S.K.Avenue Part-IV is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details by visiting the relevant link.