Guideline Value for VARSHA AVENUE (PO)

Varsha Avenue (Po) guideline value

The current guideline value of Varsha Avenue (Po) in Vallancheri village is Rs 880 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

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure saw a decline in the 2017 revision, dropping to Rs 536 per sq.ft, which was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 880 per sq.ft, representing a 10% increase from the previous year.

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

Guideline values in Vallancheri

Vallancheri village has a total of 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 825 per sq.ft, making Varsha Avenue (Po) 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 amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that 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 detailed calculations.

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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in the official registers. This helps maintain transparency and fairness in property dealings.

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 increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

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

Other streets in Vallancheri include Varaavathi Street, Vallancheri Colony Road, Vallancheri Anna Street, Vedhathiri Nagar, Veerapthra Nagar, and Vallalar Nagar Ambedkar Street, with values ranging from Rs 660 to Rs 880 per sq.ft.

What is the registration fee for property in Varsha Avenue (Po)?

The registration fee for property in Varsha Avenue (Po) is calculated based on the guideline value, which is Rs 880 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 17,600.

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

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