Guideline Value

Corporate

Guideline Value for VASANTHAM NAGAR GANAPATHY ST

₹1625/sq.ft.

The guideline value for Vasantham Nagar Ganapathy St in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Vasantham Nagar Ganapathy St

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Vasantham Nagar Ganapathy St guideline value

The current guideline value of Vasantham Nagar Ganapathy St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and the land classification is Residential Special Type - I.

How the guideline value of Vasantham Nagar Ganapathy St has changed

Over the years, the guideline value of Vasantham Nagar Ganapathy St has seen significant changes. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose sharply to Rs 1,500 per sq.ft in 2023 and further increased to the current rate of Rs 1,625 per sq.ft in 2024.

The changes between the revisions are notable: from 2007 to 2012, there was a 140% increase, followed by a 33% decrease from 2012 to 2017. The value then surged by 87% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the guideline value of Vasantham Nagar Ganapathy St.

Stamp duty and registration fee for property in Vasantham Nagar Ganapathy St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total amount for duty and fees to Rs 1,46,250. 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 calculations.

Which Sub Registrar Office covers Vasantham Nagar Ganapathy St?

The Vasantham Nagar Ganapathy St falls under the jurisdiction of the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Paruthipattu. It serves as a reference point for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately within the legal framework.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Ganapathy St?

The current guideline value of Vasantham Nagar Ganapathy St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, with various increases and a decrease in between.

What is the land classification for Vasantham Nagar Ganapathy St?

The land classification for Vasantham Nagar Ganapathy St is Residential Special Type - I.

Where can I find the Sub Registrar Office for Vasantham Nagar Ganapathy St?

The Sub Registrar Office covering Vasantham Nagar Ganapathy St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

How is stamp duty calculated for properties in Paruthipattu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,25,000, the stamp duty at 7% would be Rs 1,13,750.