Guideline Value

Corporate

Guideline Value for VASANTHAM NAGAR GANDHI ST

₹1625/sq.ft.

The guideline value for Vasantham Nagar Gandhi 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 Gandhi St

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Vasantham Nagar Gandhi St guideline value

The current guideline value of Vasantham Nagar Gandhi 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Vasantham Nagar Gandhi St has changed

The guideline value for Vasantham Nagar Gandhi St has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 500 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, followed by a decrease to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,625 per sq.ft. Notably, the register has no figures for the years 2002 and 2003.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 140%; however, this was followed by a decrease of 33% from 2012 to 2017. The value then surged by 87% from 2017 to 2023, and finally, there was an increase of 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 225%.

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 guideline value is Rs 1,625 per sq.ft, which is equal to the current value of Vasantham Nagar Gandhi St.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total cost for these fees Rs 1,46,250. Note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vasantham Nagar Gandhi St?

The Vasantham Nagar Gandhi St is covered by the Avadi Sub Registrar Office, located at 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 important factor when buying or selling property in Paruthipattu. It serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value as per the government’s assessment.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, marking an overall increase of 225% over the years.

What are the other streets in Paruthipattu with the same guideline value?

Other streets in Paruthipattu that share the same guideline value of Rs 1,625 per sq.ft include Vasantham Nagar Ganapathy St, Vasantham Nagar Jaya Sri St, Vasantham Nagar Kavignar Kannadasan St, Vasantham Nagar, Annai Indira St, and Vasantham Nagar Murugan St.

What is the registration fee for property in Vasantham Nagar Gandhi St?

The registration fee for property in Vasantham Nagar Gandhi St is calculated based on the guideline value. For example, for a property valued at Rs 16,25,000, the registration fee at 2% would be Rs 32,500.

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

The Avadi Sub Registrar Office covers Vasantham Nagar Gandhi St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.