Guideline Value for VARSHA AVENUE (PO)

Varsha Avenue (Po) guideline value

The current guideline value of Varsha Avenue (Po) in Thailavaram village is Rs 881 per sq.ft, effective from 1 July 2024. This property 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 (Po) has seen several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This value decreased to Rs 536 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 881 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Varsha Avenue (Po). Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, and Varsha Avenue's 2024 value of Rs 881 per sq.ft is 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 881 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 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, while the registration fee at 2% would be Rs 17,620. Together, these fees would total Rs 79,290. 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 further assistance.

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 Thailavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of Varsha Avenue (Po) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Varsha Avenue (Po) has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the median guideline value in Thailavaram?

The median guideline value for the 132 streets in Thailavaram is Rs 770 per sq.ft, while Varsha Avenue's current value is above this median at Rs 881 per sq.ft.

What fees are associated with buying property in Varsha Avenue (Po)?

When buying property in Varsha Avenue (Po), buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 8,81,000 for a 1,000 sq.ft plot.

Where can I find the Sub Registrar Office for Varsha Avenue (Po)?

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