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Guideline Value

Corporate

Guideline Value for VASANTHAM NAGAR JAYA SRI ST

₹1625/sq.ft.

The guideline value for Vasantham Nagar Jaya Sri 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 Jaya Sri St

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Vasantham Nagar Jaya Sri St guideline value

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

How the guideline value of Vasantham Nagar Jaya Sri St has changed

The guideline value for Vasantham Nagar Jaya Sri St has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 140%. However, the value then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The most recent revisions saw the value rise to Rs 1,500 per sq.ft in 2023, and further increase to Rs 1,625 per sq.ft in 2024, an 8% rise.

There are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 225%, reflecting the changes in the area over the years.

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 for these streets is Rs 1,625 per sq.ft, which is equal to the current guideline value of Vasantham Nagar Jaya Sri St.

Stamp duty and registration fee for property in Vasantham Nagar Jaya Sri 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, bringing the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantham Nagar Jaya Sri St?

The Vasantham Nagar Jaya Sri 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 details.

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

The guideline value is a crucial factor in property transactions in Paruthipattu. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fee, which are mandatory costs that must be paid at the time of registration. This ensures that the transaction is officially recorded and recognized by the authorities.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Jaya Sri St?

The current guideline value of Vasantham Nagar Jaya Sri 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 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 with the same guideline value of Rs 1,625 per sq.ft include Vasantham Nagar Gandhi St, Vasantham Nagar Kavignar Kannadasan St, Vasantham Nagar Ganapathy St, Vasantham Nagar Murugan St, and Vasantham Nagar, Annai Indira St.

How is stamp duty calculated for properties in Vasantham Nagar Jaya Sri St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,13,750.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Vasantham Nagar Jaya Sri St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District. You can find more details by visiting the appropriate link.