Guideline Value for VARAGRAHA AVENUE

Varagraha Avenue guideline value

The current guideline value of Varagraha Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Varagraha Avenue has changed

The guideline value for Varagraha Avenue has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 1,900 per sq.ft, which is a rise of 58%.

Overall, comparing the values from 2012 to 2024, there has been a slight increase of 6%. The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Varagraha Avenue's 2024 figure below that median.

• Vani Vinayagar Street: Rs 2,400 per sq.ft (2024)
• Vanchinathan Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Valmiki Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (J.B. Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Vallalar Street (Ward No 7): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Varagraha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Varagraha Avenue?

The Sub Registrar Office that covers Varagraha Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Varagraha Avenue?

The current guideline value of Varagraha Avenue is Rs 1,900 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 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Varagraha Avenue's value being below this median.

What are the stamp duty and registration fees for Varagraha Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,00,000, leading to a stamp duty of Rs 1,33,000 and a registration fee of Rs 38,000, totaling Rs 1,71,000.

Where is the Sub Registrar Office for Varagraha Avenue located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.