Guideline Value

Corporate

Guideline Value for VASANTHAM NAGAR RAVIS ENCLAVE

₹1300/sq.ft.

The guideline value for Vasantham Nagar Ravis Enclave in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Ravis Enclave

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Vasantham Nagar Ravis Enclave guideline value

The current guideline value of Vasantham Nagar Ravis Enclave is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Vasantham Nagar Ravis Enclave has changed

The guideline value for Vasantham Nagar Ravis Enclave has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,005 per sq.ft. It increased to Rs 1,200 per sq.ft in the 2023 revision, marking a change of 19%. The latest revision in 2024 set the value at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 29%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street, indicating a lack of updates during those periods.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a guideline value for 2024, 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 means the guideline value of Vasantham Nagar Ravis Enclave is below this median.

Stamp duty and registration fee for property in Vasantham Nagar Ravis Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, this amounts to Rs 1,17,000. 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 more detailed calculations.

Which Sub Registrar Office covers Vasantham Nagar Ravis Enclave?

The Vasantham Nagar Ravis Enclave 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.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall transaction costs. The final sale price must be equal to or greater than the guideline value to comply with registration requirements.

Frequently asked questions

What is the current guideline value for Vasantham Nagar Ravis Enclave?

The current guideline value for Vasantham Nagar Ravis Enclave is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking a total increase of 29% over this period.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which office handles registrations for Vasantham Nagar Ravis Enclave?

The Avadi Sub Registrar Office handles registrations for Vasantham Nagar Ravis Enclave, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the significance of the guideline value in property transactions?

The guideline value is essential as it determines the minimum price for property registration and ensures that the appropriate stamp duty and registration fees are collected by the government during a transaction.