Guideline Value for VARSHA AVENUE (PO)

Varsha Avenue (Po) guideline value

The current guideline value of Varsha Avenue (Po) in Konathi village is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Varsha Avenue (Po) has changed

The guideline value for Varsha Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and in the latest 2024 revision, it rose to Rs 880 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the guideline value register has no figures for the years 2002, 2003, and 2007 for Varsha Avenue. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Varsha Avenue's 2024 figure above this median.

• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Vallancheri Colony Road (Ward -1): Rs 770 per sq.ft (2024)
• Vallancheri Anna Street (Ward -1): Rs 770 per sq.ft (2024)
• Vedhathiri Nagar (Val): Rs 880 per sq.ft (2024)
• Veerapthra Nagar (Ward-21): Rs 770 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Varsha Avenue (Po)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Varsha Avenue (Po)?

The Sub Registrar Office that covers Varsha Avenue (Po) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Konathi. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should ensure that they are aware of the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Varsha Avenue (Po)?

The current guideline value of Varsha Avenue (Po) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for Varsha Avenue (Po)?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Varsha Avenue (Po)?

The Chengleput Joint II Sub Registrar Office covers Varsha Avenue (Po), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Varsha Avenue (Po)?

Varsha Avenue (Po) is classified as Residential Class I Type - II under the Chengleput Joint II SRO.